Nice write-up -- useful having it all in one place. Been reading Semianalysis for the same picture: 

 . This is the part that explains why "you won’t see 2024 prices again" -- incremental DRAM wafers getting eaten by HBM, which burns ~3x the wafer-per-bit of commodity RAM: 

tech

The AI Boom, RAM, and storage markets.

untraceable

Nice write-up -- useful having it all in one place. Been reading Semianalysis for the same picture: [https://semianalysis.com/](https://semianalysis.com/) . This is the part that explains why "you won’t see 2024 prices again" -- incremental DRAM wafers getting eaten by HBM, which burns \~3x the wafer-per-bit of commodity RAM: [https://newsletter.semianalysis.com/p/the-great-ai-silicon-shortage](https://newsletter.semianalysis.com/p/the-great-ai-silicon-shortage)