[jmaestrooper]

Hardware doesn't just pop out of the thin air. Data centers need to be built, GPUs need to be produced, and storage, and other compute, and networking, etc etc. All this needs people. Shouldn't there be boom in construction? Hardware manufacturing?

[orwin]

I've read that the US have almost a million skilled worker shortage in construction (especially commercial and industrial that demand more specific skills), and that since a quarter of the demand is for federal/state/county projects that cannot decide as fast as a company to accept rising prices, it also mean the already decaying public infrastructure risk to never be repaired in time (constructing new stuff is more expensive than repairing expensive stuff. More GDP growth i guess, but :/)

And you have a boom in hardware manufacturing, in Asia mostly, but even in europe you see new companies popping up (before Covid we had like 2 comapnies that could print custom pcbs, both german, now i found like 5 in France (2 of them are the german who expended but still))

[badpun]

All the electronics (inlcuding the insanely expensive GPUs from Nvidia) are imported from Asia.