I think we'll see prices crash within 12 months, because I don't think the data center bubble will last that long.
There's no substitution good here.
Why would they ever voluntarily lower prices? They've price fixed multiple times.
The new floor is thousands of dollars for something that was $40 last year. Either suck it up or organize and fight back. That's up to you
Liquidation of data center equipment flooding the used market plus a sharp drop in demand for new chips with the withdrawal of the private stimulus money flowing in from private credit. I don't know that I would call it "voluntary", but I predict that's what's going to happen.
Markets can and do enter patterns of HODL'ing blathering idiocy and can stay there indefinitely.
Once consumers think something is some precious thing this is how they react. Whether its handbags with designer logos stamped on them, a pair of sneakers made for $5, flimsy pieces of paper with baseball players on them, or giant numbers representing cryptographic math solutions, people will irrationally indefinitely prop stupid things up at stratospheric prices forever.
Look at Louis Vuitton or Patek Phillipe watches. They've cost like $500,000 for 200 years (inflation adjustment of course). It's just a watch...
That a good point. Let's hope the RAM hoarding will eventually get us that and not bullshitting hallucination machines.
Market bubbles bursting doesn't lead to consumer price drops. The reduced demand from data centres will lead to a reduction in manufacturing rather a lower price.