I get what you’re saying, but weren’t big manufacturers committing to NOT expand production capacities? I can’t remember where I read it, but it felt more like they were just gonna hedge their bets and not build out in the near term.

Not to mention, this all sounds and looks like commitments and not actual orders. It just feels like they’re all playing with imaginary money and when the AI bubble bursts, and all those commitments up and disappear like a fart in the wind, those benefits of scale are also going to disappear and the prices will just stay high.