AMD is busy picking up all the leftovers Nvidia couldn't manage to gobble up, like a dog underneath the table of a fat fuck having a messy buffet. They're all in on AI too.
That's the thing, the margins for AI are so insane that it makes nearly no economical sense for them right now to waste a silicon wafer for consumer centric product when that wafer can be worth tenfold and more for the AI craze.
I seriously don't see how this will calm down. Peoples say bubble this and bubble that but peoples don't understand that these companies are all outbidding themselves to reach AGI before another company and even another country. AGI is not even in the horizon for years to come most likely as LLMs won't cut it, but they won't simply twirl their thumbs in the meantime and not have the infrastructures as they take a long time to make anyway.
Stargate project, 5.5GW energy demand across sites.
Meta, 5GW and this chunk, just one of many
First country to reach AGI basically unlocks cheat code for the rest of the century.
Regardless what peoples think that's worth, they won't slow down.