> More likely people will retain their current devices for longer and wait this whole thing out
Wait it out? The rich have realised that they can buy the entire stock of computing power and deprive the common folk of it, renting it to them instead.
In practical terms, they have infinite resources. Definitely enough to long outlast our lifetimes and the next generation and the next. We can’t “wait out” until they run out of money.
They never run out of "their" money either. Can keep borrowing until eye-watering values are breached, making out like bandits and then run to the govt for a bailout when the bubble bursts.
Something or someone will eventually fill the void. Chinese are trying to manufacture GPUs, they are very far from what Nvidia can offer, but they'll slowly get there. As for RAM - the new factories are being built and will hopefully become operational in 2028.