I work in HPC for a cloud provider, and fully endorse this move. Anonymously, of course. You can make an economic argument for or against cloud in practically every IT domain, but in HPC the case for on-prem is really compelling; none of the cloud networking/resiliency value-add is relevant to batch workflows, and costs per core-hour are only remotely comparable if you use spot - which is itself a major compromise. T…
For a lot of our customers, cloud is impossible now for HPC: shortages are so bad that you have to know someone high up at top cloud providers to get access to right-sized GPUs. (T4? Forget it -- one of our tickets is open since ~Christmas.)
We have gone hybrid, and for growing compute, going multi-cloud, with main stuff on top 3 clouds (CPU, light minimal GPU...), and GPUs elasticity on other ones. And for a lot... Yep, just buy GPUs for local dev.