Jensen Huang delivering the world's first DGX-1 server to OpenAI in 2016. Credit: Tom’s HardwareNo one has benefitted from the scaling hypothesis quite like NVIDIA. On the back of an AI boom and GPU monopoly, they’ve become the fastest scaling hardware company in history–adding $2T of value in 13 months with SaaS-like margins. While the H100 generation likely represents peak pricing power (new B200s have lower margins and higher COGS), an immediate lack of alternatives means they’ll continue to ...