Or their continued collective inability to predict or manage supply and demand, it happens repeatedly and previous events were very minor in comparison... The other obvious reason is profiteering but pretty much impossible to prove.
By the way, interesting podcast on that topic: https://www.youtube.com/watch?v=mDG_Hx3BSUE
When supply is constrained, widgets to get sold to whoever is willing to pay the most. It’s capitalism, baby. Arguably this is a good thing, because the limited resources are allocated to the people who can create the most value from them. And high prices provide an economic incentive to bring more supply online.
Nvidia is making big profits right now because they don’t have a lot of competition for their fancy AI chips. The prices will come down when they have more competition.