The emergence of generative AI (GenAI) has triggered a surge in AI server demand, leading to severe Nvidia GPU shortages. The resulting profit windfall far exceeds that of the previous cryptocurrency mining boom. The strengthening MediaTek-Nvidia alliance is growing, with Nintendo Switch 2 launching in April 2025 and an AI PC platform debuting at COMPUTEX in May 2025. Industry rumors also hint at a potential AI smartphone chip collaboration.