> This is the real risk after the slow death of personal computing.
By the time you can have a slow death of personal computing, capacity will improve and prices will improve.
In the shorter term sitting on an old computer or regressing a couple years on specs or paying an extra $100/$200 for 8GB/16GB works.
> Even internet resources like servers will be hoarded by the hyperscalers that are the only ones who can afford to order years of compute hardware in advance.
I don't see why hyperscalers would be so much better at handling price increases.
For some average business paying a week's wages for the computer you use, they can afford that doubling to two weeks just fine.
For all the normal server rental companies, okay the guy on the $10 plan either pays $16 now or cuts their resource allocation and keeps paying $10. That's not going to cause a sea change. And higher end hosting isn't that much different.
Hyperscalers buy so many CPUs and so much RAM they can dictate prices (to a point) or at least make an agreement to buy at a much lower price but buy X amount for the next 5 years.
When the market's so hot I don't see why anyone would give them a particularly big discount. And they would have been getting a discount before, so they probably end up seeing a larger percentage spike in what they have to pay.
Maybe if they're locking in long enough to fund new fab construction? But in that case after a few years a ton of capacity will come online so they're actually helping solve the problem.