You mention: "The dynamic is self-reinforcing. As Neoclouds see supply tighten and prices rise, they move to secure more hardware ahead of further price increases, which only tightens supply and pushes pricing higher still"
But is there another argument - that at some point supply rises more than demand purely for economic reasons (ie customers cant get enough users at specific price points to justify paying for added compute) - what would you say to that out of interest - as net net someone has to pay for it.
Long NBIS
You mention: "The dynamic is self-reinforcing. As Neoclouds see supply tighten and prices rise, they move to secure more hardware ahead of further price increases, which only tightens supply and pushes pricing higher still"
But is there another argument - that at some point supply rises more than demand purely for economic reasons (ie customers cant get enough users at specific price points to justify paying for added compute) - what would you say to that out of interest - as net net someone has to pay for it.
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