RAM has always been a boom/bust cycle - a square wave with the period about the time it takes to bring a new state of the art fab online (3 years ish)

boom-bust cycle historically used to apply only to latest generation (f.e. DDR5 now), but current crisis affects previous gen DDR4 as well (and a bit of DDR3 too)

It feels much more like cartel behaviour, where all the players recognized blame can be redirected to "Ai demand" and "Sam Altman secret deal"

I hope it won't be this bad forever, but RAM companies are currently slow-walking any booms (not fast-tracking new fabs, etc.) in hopes of avoiding a bust. Seems it'll be more of a slow decay to still-inflated pricing.