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Yeah that’s happened before, with both memory and hard drives. A flood in Thailand caused HDD shortages and price spikes for a year or two around 2012, and there was a similar situation with DRAM some years earlier. There have also been GPU and SSD shortages due to cryptocurrency idiots. This may just be more of the same.
This time is different because the chip fabs intentionally retooled for AI chips. It’s not an uncontrollable external pressure.
There’s no guarantee that they’ll switch back to consumer modules after the bubble pops. I’m willing to bet that Big Tech’s contingency plan to the pop is to utilize a dead consumer market to push subscription based virtual desktops and zero clients.
The GPU shortage may have ended but the crazy prices never really went away
Because as the crypto demand ended, the AI demand for high end gpus rose
There was some time in between actually
And prices settled a bit during those few months.