According to industry insider sources of DigiTimes on Tuesday, the three major producers of DRAM and HBM have already sold out their production capacity for the entirety of 2027. Furthermore, while supply of NAND Flash SSD media is a little less tight, it's still expected to be fully booked before the end of August.
On a manufacturer basis, Samsung Electronics, Micron, and SanDisk have sold out of NAND production capacity for the year. Kioxia and SK Hynix are expected to confirm contracts by the end of August 2026.
Hope none of yall in the market for a new machine
... and eBay listings of used RAM skyrocket to the Mooooon!
Cycles are short-lived, fair. But past ones were consumer-driven, PC and phone waves. This one is HBM for datacenter contracts signed years out; hyperscalers can't pause training runs when memory prices sting. Capacity catches up eventually, but that's 2027 at the earliest. The signal here: AI capex is real, not vapor. Shorting this cycle because 2018 happened is how you miss the one with committed buyers.
CMXT making in-roads
https://www.tomshardware.com/pc-components/dram/leading-pc-manufacturers-considering-using-chinese-memory-chips-report-claims-hp-and-dell-qualifying-cxmt-dram-acer-and-asus-asking-chinese-partners-to-source-locally-made-memory-chips
DRAM cycles are notoriously fragile and usually short-lived https://www.youtube.com/watch?v=ehT3U935Pww
Wouldn't surprised if a 3D RAM announcement puts a pin in it earlier than people expect either: https://www.youtube.com/watch?v=byWZoKCdePo