I remember the HDD shortage after flooding in Thailand. There was a price surge for a year or so, capacity came back online, and the price slowly eased. If AI crashes, prices might quickly collapse this time. If it doesn't, it'll take time, but new capacity will come online.

https://en.wikipedia.org/wiki/Bullwhip_effect

> has more demand than forecast

Nah. The demand is driven by corporations that hoard hardware in datacenters, starving the market and increasing prices in the process - otherwise known as scalping. Then they sell you back that same hardware, in the form of cloud services, for even higher prices.

More explanations here:

https://news.ycombinator.com/item?id=46416934