Indeed, but it will take more than a few years, the entire industry negging GPUs for a decade and half comes at a high price for them. And looking back historically, dominant companies like Intel had been sucking wind for over a decade before its ineptitude caught up with it. Microsoft was repeatedly punching itself in the face until Satya Nadella took over and pulled it back from the brink just by getting them to stop doing so. And a quarter century later, CSCO has nearly recovered to its dotcom peak stock value.
But Nvidia isn't inept yet, and despite some of its people being just as arrogant as Googlers at Google's prime, they still deliver a vastly better product and ecosystem than anyone else. The Chinese will crack that, but the first few generations are going to be a rough ride. Just check out the iterations on any knockoff of DeWalt tools they sell with cheaper parts until they nail the price/performance ratio to perfection to see how they roll. But also, Nvidia remains a moving target with near bottomless pockets now. Good luck with that.