A confirmed 2027 shortage horizon changes the calculus for every organization whose AI roadmap assumed hardware would become available and cheaper. The teams that locked in long-term compute contracts before the rental rate spike are insulated; the ones budgeting quarterly are now absorbing a 40% cost increase [2][3] with no near-term relief on the supply side. TSMC's capital commitments address fabrication capacity but leave the memory stack — HBM and DRAM — as an unresolved chokepoint. The organizations that treat this as a procurement problem will keep chasing spot market…