Which governments, and what exactly would you want these governments to do? The demand is global. There are no levers a single government can pull to meaningfully influence the global demand without fully committing to an protectionist economic policy, in which case the U.S. doesn't have the facilities to magically pop up world class fabs overnight, and South Korea and Taiwan don't have the market demand that the U.S. generates to justify their investments in making these chips and China lacks the IP to be able to build anything comparable to Nvidia's silicon at the moment.
No one has all the cards and no one controls all the levers.
Especially not for consumer goods.
I'm as fanatical a free-market fundamentalist as you'll ever meet, but if someone were to argue that government has a role in preventing bullshit like OpenAI's unilateral 40% attack on the entire DRAM market, backed by nothing but funny money, I would have a hard time coming up with defensible counterarguments.
What Altman did, and the way he did it, was not OK. Unless you believe that humanity's adoption of AI-based intellectual work is best served by concentrating an enormous amount of power in one company at the expense of everyone else, turning the market into a literal zero-sum game. Do you?
Can that share of production be allocated to consumers, and the AI fights over the rest?
Alternatively, the money invested can be rational because it prices out competitors and establishes a monopoly, after which point the monopolist earns their absurd investment back with complete control of the market. This is also bad.
The problem you have here is hundreds of different companies are doing the "gambling" in a non collusionary manner so it's going to take decades in court to prove it. Are you saying governments should do an authoritarian take over of RAM allotment?
https://news.skhynix.com/en/fab-facility-investment-2026/
It's not an overnight thing obviously.
Bastards.