I heard a rumor that China is preparing to flood the RAM market - bringing prices back down.

It’s all artificial scarcity at the moment, they don’t spin up foundaries quickly because the capital investment is huge, but overall the chips don’t cost that much to build, even accounting for the capital up front. The problem is the market didn’t provide enough supply to meet the AI demand, so - like $100+/bbl oil - we’re faced with scarcity pricing (AKA record profits for those holding the stock.)