Note that this is CNBC and they're writing from a stock market line-go-up POV.

For everyone else, this is good news.

From the article:

"Huang was validating what the rest of the market has been witnessing. An independent developer, rather than a giant, richly valued lab like OpenAI or Anthropic, came up with the next big thing in AI and, in doing so, exposed a potential major flaw in the investment thesis behind the large language models: They may be getting commoditized."