Comment by lumost
Networking gear was famously overbought. Enterprise hardware is tricky as there isn’t much of a resale market for this gear once all is said and done.
The only valid use case for all of this compute which could reasonably replace ai is btc mining. I’m uncertain if the increased mining capacity would harm the market or not.
BTC mining on GPUs haven't been profitable for a long time, it's mostly ASICs, GPUs can be used for some other altcoins which makes the potential market for used previous generation GPUs even smaller.