Nvidia’s Monopoly Isn’t Being Broken by Chips. It’s Being Broken by Code.
AMD’s MI355X delivers competitive LLM throughput at half the cost of Nvidia’s Blackwell β but the real story isn’t the silicon. It’s that agentic AI coding tools are collapsing the software switching costs that made Nvidia’s CUDA moat impenetrable. The monopoly isn’t being broken by better chips. It’s being broken by code that can optimize any chip.