This is the price action for H100.
Prices are falling just as fast, or faster.
It is not what you would expect from a real demand mania
I chose the price chart for game cards simply because they are easier to understand.
After all, this isn't your familiar dot-com bubble scam with nearly zero revenue like those biopharma scam stonks. It is more like the China Hustles with cooked books like PDD, SMCI, ZTO, NIO, etc.
Edit:
Also, AMD has its flagship acceleratior cards MI300X/325X vs Nvidia's H100/H200
They are also not the gaming cards you are familiar with.
If the fabled shortage of accelerator cards due to the so-called "insane demand from big tech, startups and China-Russia" does indeed exist, then you'd expect AMD to also have at least more than 10% sales growth instead of 8% Q vs PYQ and 6% TTM vs PTM