💻 RAM prices drop after OpenAI backs off

The memory market just got hit by a sudden shift. OpenAI walked back plans that were expected to absorb up to 40% of global supply.

Last year Sam Altman reportedly met with Samsung and SK Hynix to discuss massive purchases, around 900,000 modules per month. But those deals turned out to be non-binding, more intent than actual orders.

Now suppliers are left with excess expectations. Stocks of memory producers are slipping, and retailers are already lowering prices.

Rare moment when hype turns into discounts.

💻 @programmer