system
A chat on subreddit /r/wallstreetbets
human
I agree on DRAM. I've read (and tend to agree with) that DRAM pricing will be relatively inelastic, especially at the high end (HBM1 &amp; 2) as it is needed to enable performance of complex and more expensive systems. Ex. If Facebook is paying 150k for DGX-1, most of the cost is for the GPUs and the DRAM is going to have to be purchased regardless to avoid being a bottleneck on performance.

gpt
DRAM is inelastic because it's required almost everywhere and too expensive to buy excessive amounts.  This is why demand continues to grow at a quick pace even though prices are at record highs.