Sure, but it's also not really out of scale with the cost of a shop tool in other trades.
If you're a professional that's confident in a positive return on the investment (optimal or not), or just a hobbyist with the luxury budget for a "shop" that cost is well within norms.
That's not everybody, of course, but it's not some inconceivable fantasy. A lot of people in the tech community here on HN, specifically, end up with pretty high discretionary budgets that they pour into stuff like this.
But you can get that return from a paid service too, in fact it'll be better. So just comparing costs, what's the annualized ROI on the Mac Studio assuming it means you avoid paying $240/y for Claude? Cause I can always set aside the Mac's price in some investments and pay for Claude out of that.