Peter Thiel says investors are looking at the wrong AI winners

Peter Thiel says investors should stop obsessing over $META, OpenAI, and Anthropic.
His point is that the clearest profit pool in the AI race is still $NVDA.
Models may get the attention, but GPUs are where the money is being made today.
That is the uncomfortable split in AI right now.
The companies building frontier products may be burning cash, while the infrastructure suppliers keep collecting revenue.