Raw material cost is not a driver of datacenter GPU costs.
> Over supply makes price come down but if supply is kept artificially low, then prices stay high.
Where are you getting "supply kept artificially low" when we're in the middle of an explosion of datacenter buildouts and AI companies?
We're in a race to the bottom on pricing. I haven't seen a realistic argument for why you think prices are going to go up. You're starting with a conclusion and trying to find reasons it might be true.