Comment by evanelias

> Is it?

Yes, demand is absolutely inflated in a bubble. We're talking about GPUs, so look at hardware sales for the comparison, not utility infrastructure. Sun Microsystems' revenue during and after the dotcom bubble, for example. Or Cisco's, for a less extreme but still informative case.

> it's Bray who brings up failure rates in a discussion about depreciation

Yes, I understood his point to be that depreciation schedules for GPUs are overly optimistic (too long) while their MTBF is unusually low. Implying what is on the books as assets may be inflated compared to previous normal practices in tech.

In any case, at this point I agree with the other commenter who said you're just trying to confirm your existing opinion, so not really much sense in continuing this discussion.