Of course there is still demand for RAM and SIMD compute!
But also hoarding hardware in glorified warehouses is not the genius business idea everyone thinks it is.
But also hoarding hardware in glorified warehouses is not the genius business idea everyone thinks it is.
I don't think they're buying GPUs outright to store in a warehouse.
So whoever hoarded it in warehouses could sell it now immediately for at least 100% profit.
They seem like geniuses to me now, worst case they make 100% profit on the investment.