Production being sold out doesn’t mean anything when there are no commercial entities left to actually pay the bill.

I was under the impression that the underlying memory chips are the ones we have a shortage of, and HBM is just one way to package them?

Who do you think is going to be buying DRAM at the current prices in 2027?

Before the bubble, there used to be oversupply of DRAM leading to price fixing scandals, that’s what will eventually happen again.