Right. The prices are up for Nvidia’s benefit (and Micron, Sandisk by extension).

I know it’s now a trope to say “an incoming Democratic Congress should…” but there are really serious questions to ask about the means by which Nvidia is securing such a radically high value buy-and-hold strategy, and whether it amounts to deceptive channel stuffing.

The whole tech industry is using apparent demand for Blackwell GPUs as a proxy for AI demand, when this is a wholly broken metric because Nvidia seems to be gaming it, and everyone (consumer and business alike) is paying more as a result.