> infrastructure that looks increasingly unneeded
This is the crux that needs to be substantiated. Without substantiation none of your other arguments hold up.
This is the crux that needs to be substantiated. Without substantiation none of your other arguments hold up.
Frankly it’s the opposite scenario (that’s there’s all this demand) which is struggling for any hard evidence.
That, by itself, doesn't have to mean anything.
AWS is far more compute capacity than Amazon needs, but that's not because Amazon misjudged how much capacity they need. They built it out to sell it to others, leveraging know-how and economies of scale to do so very profitably.
How hard can that be?
Meta tanked chip stocks by saying it was considering the same.
Worries about compute overcapacity, via folks saying they want to offload capacity, is literally the thing that nuked the “situational awareness” fund last week.
It’s long term demand that matters, not just “price.” High prices without true demand is the literal definition of a bubble.
Meta said it was considering doing the same because they saw how valuable excess capacity was.
You're misinterpreting what actually happened.