Looks very similar like attempts to explain random crypto price changes with any (un)related news.
What happens if they decide to dump all the stock they don't actually need anymore?
Will half the memory industry run into the ground because of the oversupply means their current production is unsellable?
And there is another incoming tidal-wave of compute demand from all the vibe-coded apps that everybody is making now.
This will create a CPU shortage too.
Coincidentally, the SK Hynix US IPO has been announced: https://www.reuters.com/world/asia-pacific/sk-hynix-files-co...
Actually just went through my purchase history and its even lower than I thought. 37% inc versus May '25.
Pretty niche crowd that is down for building a NAS out of drives that have had long lives already. Basically only people with grasp on zfs redundancy & willingness to accept the risk of SSDs with heavy use but enterprise endurance.
- supposedly buying for their own use, rather than reselling
- bought as forward, rather than spot: much of what they've ""bought"" is a commitment to buy memory that has not yet been manufactured
> Will half the memory industry run into the ground because of the oversupply means their current production is unsellable?
They've seen that coming, this is why there isn't a massive expansion to meet the demand rise and instead they're letting "demand destruction" happen. A decision vindicated by the war, as well.
Do we know what they're using it for? I mean not reselling would imply the chips go on some OpenAI specific proprietary hardware directly, rather than it being sold back to OEMs to buy more GPUs or other off the shelf accelerators.
> They've seen that coming, this is why there isn't a massive expansion to meet the demand rise and instead they're letting "demand destruction" happen. A decision vindicated by the war, as well.
If you're a memory company, this sounds like making the best of a bad situation. not making more stuff despite demand far outstripping supply, just to prepare for the potential oversupply your customer can cause because they can walk back on their massive order.