Once tech giants establish ecological monopolies, they enter a cycle of the Matthew Effect—Microsoft, Google, and Amazon are all proof of this trajectory.

Think about your phone, how long has it been since you changed your apps? Alipay and WeChat have dominated China's payment industry for over ten years, and to this day, no third company has truly challenged them. This is the power of ecological monopoly.

In the future, new tech giants will definitely emerge. Companies like Palantir, Circle, and OpenAI indeed have potential. But for existing giants to decline? Extremely difficult. The capital, user base, and ecological barriers they control form a chasm that startups cannot bridge even in ten years.

NVIDIA has managed to stand out and carve out a space, mainly because its processor design domain is completely different from internet companies—it's not something you can copy. This technological barrier advantage is what makes breaking the current pattern possible. In the crypto market, stablecoin projects like USDC are also exploring differentiated paths, but shaking up the market landscape similarly requires time and innovation.