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Memory prices tipped to fall as China starts flooding the market with DRAM and NAND chips
(www.techspot.com)
This is a most excellent place for technology news and articles.
Exactly, its a method of taking tens of billions of dollars in capital and buying a near monopoly. No other providers can compete if the hyperscalers buy all of the hardware, driving up the prices while also selling the service at a loss.
Nobody working out of their garage with a cool idea for a better service can compete if they can't get hardware and have to charge double what the hyperscalers are charging because they can't burn capital for years.
It's a practice that should be considered illegal market manipulation, because that's what it i
e: extraneous 'completely'
'Dumping' is considered anti-competitive behaviour in a lot of places. This sounds a lot like that.