Based on my research and monitoring of China's advances in microchip fabrication and design, Nvidia is in real trouble and faces a very questionable future. Its current valuation, in my opinion, cannot be justified and it will face a marketplace reckoning sooner or later.
As a repeat customer of high-end GPUs, I am personally watching AMD, Intel and even non-U.S. companies that are rapidly advancing with real innovation, economies of scale and improved affordability for consumers.
I run a mini data center of 48 GPU workstations, and I'll be upgrading a lot of their hardware in the next year. Those upgrades will likely not be Nvidia.