Alex Banks argues power caps GPU supply, real risk is demand cooling first
thealexbanks · x · 2026-10-26
Responding to Ken Griffin's bubble call — GPUs as commodities where overcapacity sends pricing into freefall, like telecom after 2000 — Alex Banks argues power is the ultimate limiter on how fast new GPUs come online, so supply is hard to overshoot. The real risk is demand cooling before chips reach the end of their economic useful life.
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