They think that all that stuff will just be made in America for the same or similar cost. They don’t understand the concept of comparative advantage. That in combination with blind nationalism makes this seem like a great idea to them.

So, I get that the hardware is needed for training the models and that’s why the stock price fell. But it’s also required to run the models, and this news is only going to increase the supply of AI services. It seems to me that this isn’t a big threat to the companies that sell AI hardware.