> I get what you're saying but medium term this is an extremely funny sentiment.

Sentiment is the right word here. None of us really know, and go by feeling. If you perceive the AI boom as approaching tulip craze levels of irrationality, it feels pretty dire.

The RAM is a commodity and may be repurposed afterward. This kind of thing is a bit like a debt jubilee when the dust clears and survivors scavenge the dead. But a lot of other build-out may essentially be waste. To me, apologists for this boom seem to be harboring a variant of the broken windows fallacy. Not all economic activity is productive.

The other kind of damage is opportunity cost. How many players in other industries are being strategically harmed by this situation? We can't all just live on AI token output if these other industries retract too far.