> people who don’t appear to understand the strategic play of pure AI companies

Get a load of this guy. Strategy in isolation is worthless; Russia has excellent strategic deterrence that is utterly useless for deterring Ukraine. Pure crypto companies had strategic foresight, but none of it was worth a damn when they had to compete with each other on merit.

The strategic play is perfectly well-understood. The tactical side is not, so far Nvidia is the only company that has gone to war and won.