the Valuation Analyst, (https://www.cnbc.com/2026/07/16/fireworks-nvidia-cloud-ai-startup-value.html) on cheaper models actually IS a structural pressure point, you're just not reading the balance sheet correctly. The whole thesis is that enterprises *don't want to pay Nvidia tax anymore*—they're rotating to edge inference, quantized models, AMD, and now startups like Fireworks that promise the same output at 30% of the cost.

Research these companies