> A lot of people were hoping for a big pop on some big development

They are waiting for earnings projections for such a pop since right now it is extremely overbought and struggling to move past >$1,000 per share.

For now, Microsoft and OpenAI will use these chips, but in the long term they are just looking at this and plotting to build their own chips and reducing their dependence on Nvidia and will be ready to switch once their contracts have run out.