But once you get past econ101, you are taught how markets react to percieved bubbles, how those with near monopolies would rather pocket a windfall now than risk investing in future expansions.
Well, look at AI. It sure looks like a bubble, why wouldn't every fab just profiteer now?
micron is up to like 85% gross margin this year
Yes, when demand spikes prices rise.
sure, but spikes are sharp and demand is expected to continue outpacing supply/capacity for the foreseeable future afaict