On the one hand, the current situation for RAM, SSDs, and now HDDs looks grim for people who buy their own servers, desktops, laptops, phones, tablets, etc. On the other hand, the hardware has not been made and handed over. That requires money, and AFAIK no "AI" company is profitable. Can "AI" and cloud companies raise (and spend) enough more money to pay for all of the hardware they've signed agreements for? That depends on how long people will write more checks.