DRAM / HBM: AI Supply Chain Stocks & Analysis

DRAM and high-bandwidth memory sit right next to the accelerator die, feeding it data fast enough to keep expensive compute from sitting idle. HBM in particular has become the tighter constraint of the two: it takes more wafer capacity per bit than conventional DRAM, so memory makers reallocating fabs toward HBM directly squeezes standard DRAM supply. Pricing power here has shifted decisively toward the memory makers as AI demand has outpaced new capacity.