There are investors lined up around the block to hand over $$$$$ for SFHs on the market while people delay family making because they cannot afford housing or end up on the streets.

So, is the market really absurd?

Just because some billionaires are desperate for growth to grow their hundred billions into trillions outbidding each other does not mean that 90% of humanity cannot make use of ML running locally on cheaper GPUs.

You can theorize a million scenarios, but clearly no one here will know what really transpired for Nvidia to hobble their consumer chips. I really don't think consumer is loss leading, GPUs for AI is a fairly recent market while Nvidia has existed churning out consumer GPUs since 90s.

But clearly, lack of competition is one thing that supports whatever rent Nvidia seeks.