Is Nvidia just a "tech stock," or is it the most important commodity on Earth? In Part 2 of our "7 Layers of the AI Economy" series, we climb to Layer 2: The Compute Standard. We break down why Nvidia (NVDA) isn't just selling chips; they are selling "Intelligence" at margins that make software companies jealous. From the $40,000 Blackwell chip that acts as a "Profit Machine" for Big Tech to the "Moat" of CUDA software that locks engineers in, we explain exactly why this company is the "New Oil." We also cover the critical acquisition of SchedMD, the rise of "Sovereign AI" (nations buying chips for survival), and the one major risk that could threaten the throne: Customer Concentration. Featured Benzinga Research & Analysis: The CUDA Moat (SchedMD Acquisition): Futurum CEO Says Nvidia Has Fortified Its Dominance benzinga.com/markets/tech/25/12/49413280/futurum-ceo-says-nvidia-has-fortified-its-cuda-dominance-after-schedmd-deal-tightens-grip-on-ai-infrastructure-not-an-e...