We’ll see. The current situation is an anomaly caused in part by the AI boom generally, in part by the OpenAI shenanigans. This time will pass, and what comes after is hard to know. If the shortages are sustained long enough, innovation will happen. The economics of it will bring new players into the market.

DRAM is a notoriously cyclical market, though, and wise investors are leery of jumping into a frothy top. So, it’ll take a while before anyone decides the price is right to stand up a new competitor.