Apple vs. NVIDIA: the balance sheet as competitive advantage, B2C then, B2B2B now

BenBajarin · x · 2026-09-05

Analyst Ben Bajarin draws parallels between Apple's era as the industry's center of gravity and NVIDIA's role today, specifically on using the balance sheet as a competitive advantage. The interesting difference: Apple did this in a B2C model, while NVIDIA's dynamic plays out in a B2B2B chain. A high-level industry observation without much elaboration.

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