We are well into that era already. Nvidia tried to buy ARM from softbank but was blocked by regulators a few years ago.
It's amazing that a company known for video game graphics cards is now a $2 trillion company. Nvidia's market cap ( over 2 trillion ) is the 2nd biggest of the FAANG+. It's bigger than Google. It's bigger than Amazon. Only Apple has a bigger market cap. And most of nvidia's market cap gains has been in the past year. It's unique for being the only predominantly hardware company of the group.