Comment by wat10000

I think you're probably right, but I'm not so confident the supply crunch will end.

Tech feels increasingly fragile with more and more consolidation. We have a huge chunk of advanced chip manufacturing situated on a tiny island off the coast of a rising superpower that hates that island being independent. Fabs in general are so expensive that you need a huge market to justify building one. That market is there, for now. But it doesn't seem like there's much redundancy. If there's an economic shock, like, I dunno, 20% of the world's oil supply suddenly being blockaded, I worry that could tip things into a death spiral instead.