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It would be odd for me if "Max" were not the "maximum".

That's still a bad naming convention. It won't be the maximum forever.

But it will the the max M1 forever. When M2 comes around, that's a different class.

It appears that M1 Max itself comes in 24-core and 32-core GPU variants. So I guess some M1 Max chips are more maximum than other M1 Max chips.