Nvidia is sub-par in terms of leadership compared to other competitors. They didn't anticipate the crypto hype, they didn't anticipate the AI hype, they just were there doing the thing they can: delivering raw GPU power.
And this is the only thing their leadership did right in my eyes: they hired the talent² to provide raw GPU power, which they did. This accidentally turned out to be the thing behind crypto, and, after crypto faded, also the thing behind AI. They didn't anticipate any of that, and their competitors didn't either.
If their luck runs out, which isn't a given¹, we'll see what their leadership can in fact do. I don't think it will be much.
¹ https://en.wikipedia.org/wiki/Gambler%27s_fallacy
² their engineers are of the flap norris kind, though
