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So you're clearly just arguing in bad faith. Falling for regulatory bodies to do their jobs, including a thorough investigation and evaluation of possible solutions, is nowhere close to saying "I dunno, do something". So I have to wonder why you're arguing in bad faith. Do you own NVIDIA stock perhaps?
What "plenty of alternatives" in the GPU market are you referring to? NVIDIA has a 92% share of the market. This may be a surprise if you slept through your history class on trust busting, but you do not, in fact, need to have 100% market share in order to be deemed to have monopolistic power under US law. The rule of thumb for most courts is 50%, though that is not statutory and can vary from case-to-case.
Also, what Trump HAS been doing is exactly what you suggest: sitting on his hands and allowing NVIDIA to exercise it's monopoly. He hasn't done anything at all yet, just like he has not yet deported Musk or cancelled the contracts for any of his companies. It's all theater, and until I see any actual action I'm just going to assume he is shaking them down for more campaign contributions. Or maybe engaging in some good ol' stock manipulation.
They've tried for years to "encourage competition" and that's exactly what got us to this point.
Maybe you're the one who should educate yourself before jumping into this conversation. The history of US anti-trust action is the history of repeated success stories where they are able to introduce competition by breaking up companies like Standard Oil or Bell Telephone, and it's worked every time.... Until future administrations allow those child companies to merge back together again, which is why we once again see these huge corporations once again obtain monopolistic, or at least oligopolistic, power.