Yup. In the short term markets are about as rational as that bearded guy in a bathrobe shuffling around in his slippers under the freeway underpass shouting at imaginary greebles. Reminder: In the long run irrational stuff ends up getting washed out of markets as it gets out-competed, thus the "rational markets hypothesis". But in the long run we're all dead.

@mhoye 8d

To spell this out clearly, the reason RAM has quadrupled in price
is that a huge quantity of RAM that hasn't been produced yet has
been bought with money that doesn't exist to populate GPUs
that also haven't been produced to go in datacenters that haven't
been built powered by infrastructure that may never exist to meet
a demand that doesn't exist at all to make profit margins that
mathematically can't exist while economists talk about this thing
they call the "rational markets hypothesis".
0
5
0

If you have a fediverse account, you can quote this note from your own instance. Search https://mastodon.social/users/badtux/statuses/116104279642227408 on your instance and quote it. (Note that quoting is not supported in Mastodon.)