OpenAI has a deal with Samsung and SK Hynix to purchase 900,000 DRAM wafers per month, or 40% of global DRAM output. These are just uncut wafers, accumulating in warehouses that serve two purposes:

• Prepares them for the distribution to data centers,
• Manipulates the supply chain to squeeze their competitors, who are left with slim pickings.

You and I are the victims of this until the bubble finally pops and the deal falls through.

It's because it's a Ponzi scheme. Huge amounts of investment dollars are being dumped into AI and anything related to AI. If you build any kind of chips that are used in AI datacenters, you suddenly have a bunch of money invested in your company. What do you do with it? You make a deal with OpenAI (or one of the other ones) that you'll invest that money into them if they agree to buy a bunch of chips from you. Now you have revenue on books and are showing a reasonable return on that investment.

If you were a chip manufacturer and actually believed that there was a big future in AI, you'd be using those investment dollars to build some more chip fabs. And some of these companies are doing that. But overall, moving money to another company so they will order chips for datacenters that aren't built yet (and may never be built) is just bubble ponzi shenanigans.

Computer hardware depreciates in value very quickly. You don't buy hardware today so you can install that hardware in a datacenter that won't be online for another year.

What did that Michigan politician say "we're used to ignoring people and just doing it anyway" something along those lines...

Production is usually sold a year in advance. This includes orders from retail outlets.

My take is more of a:
1000 DCs were planned
200 are getting cancelled
800 are yet to be built, built, supplied with products

and of the 800 remaining DCs, some are buying the stock that is now free or the orders are rerouted by the ordering company to other locations that also need more hardware.