Yes and no.

I think what'll happen here is that these computing price increases will be what finally makes certain ML startups un-economical. That's what will precipitate the AI bubble burst. The whole thing runs on investor capital, so it keeps going until some investors lose their capital. Once the bubble bursts, you're going to get some really cheap GPUs, RAM, and hard drives (as well as cloud computing prices), as many of the more marginal data centers go out of business and liquidate their hardware.

It's going to be a rough couple years for hobbyist computer aficionados though. In the near future I'd try to wait this one out and get a job at an AI startup instead.