Dear, while watching the World Cup as Argentina battles Spain, let’s also review the recent stock market!

Although valuation for storage-chip concept stocks has pulled back sharply over the past few days by 15% to 18%, the spot market shows a completely different picture.
The spot prices for high-capacity DDR5 64GB/96GB server RDIMM modules have surged against the trend by 27.9% over the past 30 days; the price per module has reached $1,375, setting a new all-time high.
This round of spot premiums has already far exceeded the expected 13% to 18% increase in enterprise contract prices for a quarter.
It also reflects that the procurement pace for AI hardware has clearly outpaced supply-chain capacity expansion.
The core reason is that storage-chip wafer fabs have redirected a large portion of capacity originally meant for producing traditional DRAM toward prioritizing the production of high-bandwidth memory (HBM).
Normal wafer capacity has been squeezed by as much as 300%, further pushing spot prices for DDR5 server memory to keep rising.