It makes perfect sense. Production moved away from consumer RAM to HMB RAM which is the one sitting inside those GPUs that sit in the warehouses. RAM manufacturers don't give a flying fuck if the hardware will be used or not as long as they're paid.
Also GPUs sitting in warehouses doesn't mean that they're there because demand is fabricated. There could be there because the data centers aren't built yet.
Also GPUs sitting in warehouses doesn't mean that they're there because demand is fabricated. There could be there because the data centers aren't built yet.