AI hardware should pay back 10x in about 2 years. Memory only accounts for roughly 15% of the cost of systems installed today. Agentic AI like Grok Bot, Meta Muse, and OpenAI dots could push compute demand up 100x within a year. All reserved 8x h100, h200, b200, and b300 systems are sold out on vast globally. H200 rates are now 4.5x what they were 9 months ago, if you can even get allocation. If $SK hynix(SKHY)$ , $Micron Technology(MU)$ , and Samsung charged 10x current memory prices, $NVIDIA(NVDA)$ and others would still buy RDIMM, NAND, and HBM. $Micron Technology(MU)$ was modest. OpenAI was bad with money, bought assets it did not need, and did not focus on inference. Jalapeno Chip needs HBM and RDIMM. Per DramExchange, 32GB RDIMM is up 35% in 5 weeks, with a new number coming tomorrow. Burry $500 June puts are down about 50% in a couple days. $Micron Technology(MU)$ 1Q27 ER is about 2.5 months away because of the holiday. It should post around $110 TTM EPS. $2K is cheap for MU.
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