Hyperbole isn't hyperbole when Nvidia is trying to normalize $2000+ gaming cards and starts charging $1000 for the 80-class. There's no place for hyperbole when the situation is already right in the middle of crazy town. I'm preparing myself to be utterly confused when Nvidia offers price hikes + excuses then people say OK and open their wallets, lol. The truth of the situation is far more insane than anything that could be said in a tech forum.
Nvidia is looking at a major fall in sales, a commitment to pay TSMC billions for supply that is turning out excessive. Jensen might want to squeeze more out of us, but he must be losing hair over the falling share price, falling demand and soon to be falling margins, and it's beyond his ability to fix. You really think that he waves his magic wand and buyers appear, when millions will soon be losing their jobs, loosing the ability to rent, drive as much, eat as well as before. Maybe for some & probably most here, but not on the wider world where the real sales happen. The ordinary man & woman, not the ultra enthusiast. You say open their wallets. What appears unthinkable is that a lot of people will, in a few months, not have wallets, figuratively of course.. Demand destruction is here for all companies.
Companies are slashing orders not to sell less for more but because they see problems in selling generally. They need sales volumes for overhead fixed expenses.
What is happening is beyond Crypto, beyond the US & Europe. Read up on what Zoltan Pozsarfor example has been writing on inside & outside money. We are living through an epochal moment in history and anyone with clear eyes are amazed at the transformation visible all around. Most folks think this is all normal & will soon revert to how it has been, at least for the past decades. No, this time really is different, the world has fundamentally changed.