They're the first, I strongly doubt they'll be the last to adjust prices that much. The big cloud providers might have enough margins to eat the cost increases,

They're the first, I strongly doubt they'll be the last to adjust prices that much. The big cloud providers might have enough margins to eat the cost increases, especially since bare VMs are only a small part of their offer. But I don't see how the smaller, more VM-focused providers will be able to absorb the high hardware prices.