[ING: NVIDIA's Profit Margins Threatened by Clients' In-House Chip Development] BlockBeats News, July 7 – Jan Frederik Slijkerman of ING wrote in a report that NVIDIA's ability to maintain its profit margins faces uncertainty as tech giants develop their own chips. He pointed out that major clients such as Microsoft, Alphabet, and Amazon are developing custom chips to help control AI infrastructure costs (capital expenditure efficiency). He stated that, as a result, NVIDIA's pricing power may face more intense competition than in recent years, making it harder for the company to sustain its currently very high profit margins in the long term, even as it expands into new business lines.