In a normal non-bubble world it would just be considered anti-competitive practices. Also typically it's not possible to do this, as it's like lighting a pile of money on fire and a single company can't afford to buy everything to starve their competition of infrastructure. A private business would vote that moron out, and a public one does the same with shareholder votes.

The problem was irrational exhuberance and everybody doing it everywhere. It self corrects eventually with the public likely eating the losses... but the hardware itself is marked down, discounted, and liquidated just the same so it'll restore the market for components that way.