RAM production is completely sold out for 2027[1] which means the prices are locked in until after then.
It takes about 2 years from the time ground if broken for a new fab to be built and producing RAM.
There were some new fabs announced between February and April this year by both the Korean and Chinese manufactures, so that new capacity might start having an impact in 2028 in the most optimistic scenario.
Samsung says supply will remain tight in 2028[2], and Micron says "tight beyond 2027"
The best hope is that new (Chinese) players overbuild fab capacity and supply outstrips demand. That isn't likely, but perhaps in the late 2028-2029 timeframe could happen.
No one making statements has an incentive to tell the truth though (in fact, they're all incentivised to keep proclaiming the RAMpocalypse will never end).
Producers (Samsung, SK Hynix etc.) will not say "prices expected to drop" or "demand expected to drop" even if it was true because then consumers would start delaying purchased.
The big buyers (OpenAI, hyperscalers etc.) have no incentive to say "supply expected to start opening up" because that would imply their growth trajectory is flattening; also a huge part of their moat now is just deployed RAM.
RAM production is completely sold out for 2027[1] which means the prices are locked in until after then.
It takes about 2 years from the time ground if broken for a new fab to be built and producing RAM.
There were some new fabs announced between February and April this year by both the Korean and Chinese manufactures, so that new capacity might start having an impact in 2028 in the most optimistic scenario.
Samsung says supply will remain tight in 2028[2], and Micron says "tight beyond 2027"
The best hope is that new (Chinese) players overbuild fab capacity and supply outstrips demand. That isn't likely, but perhaps in the late 2028-2029 timeframe could happen.
[1] https://www.techpowerup.com/351344/memory-makers-seal-2027-d...
[2] https://www.tweaktown.com/news/112966/memory-shortages-will-...
[3] https://s25.q4cdn.com/621799436/files/doc_events/2026/06/Q3-...