DDR5 memory prices have been flat since January 2026. If you bought back then, there’s been basically no increase since. Pangoly’s data confirms it too—the price curve over the past 180 days is almost completely flat. On the software side, technologies like quantization and flash indexing are reducing memory demand. OpenAI says their new model is 50% more efficient—meaning memory requirements for inference are cut in half. The current market fluctuations are actually reflecting fears of prices peaking. In the short term, memory prices might stay high, but over the next 12 months, quarter-over-quarter growth is expected to drop to single digits. The market usually starts selling off a few months before cyclical commodities truly peak—and the top of the cycle is often accompanied by P/E ratio compression.