While tariffs can raise prices on imported goods, they also encourage domestic production, reduce reliance on foreign supply chains, and can lead to increased investment in local industries. Additionally, tariffs generate government revenue, which can be used to offset economic disruptions. Inflationary effects may also be temporary if businesses adjust supply chains or if currency appreciation offsets higher import costs.
No, Nvidia's moat is not gone, but it's facing increasing competition. While its dominance in AI chips, CUDA ecosystem, and software integration remains strong, rivals like AMD, Intel, and custom AI accelerators from Google, Microsoft, and others are challenging its lead. The long-term threat depends on how well Nvidia adapts to evolving AI hardware demands and market shifts.