He's right in a such a narrow space on this particular matter that it's just a perfect example of what's wrong with a lot of things lately.
OpenAI triggered this ordeal with its order of 900K DRAM wafers per month on october 2025, making everyone panic because it was around 40% of the world production at the time.
We all know that memory providers know what near bankruptcy feels like when they over invest, but right now SK Hynix have 80% margins (ie TSMC ~60%) and choose to pay their shareholders this year the quivalent of ALL their revenues in 2025. It's now common knowledge thanks to Samsung that the rate of factory buidling is not maxmium to portect their margins. And memory providers have already been fined in 2000 for price fixing.
Supply is short because they all choose to make it that way.
OpenAI triggered this ordeal with its order of 900K DRAM wafers per month on october 2025, making everyone panic because it was around 40% of the world production at the time.
We all know that memory providers know what near bankruptcy feels like when they over invest, but right now SK Hynix have 80% margins (ie TSMC ~60%) and choose to pay their shareholders this year the quivalent of ALL their revenues in 2025. It's now common knowledge thanks to Samsung that the rate of factory buidling is not maxmium to portect their margins. And memory providers have already been fined in 2000 for price fixing.
Supply is short because they all choose to make it that way.