I think I’m missing something. Financially, what bag would the memory makers be holding here? I don’t think I’m well informed regarding how these deals were structured.
Memory makers make capital investements (build different factories, convert physical production lines, etc.) to meet orders that have been place for the next ~5 years.
OpenAI (or whoever) crashes and can't pay for the order leaving the memory makers in a tough spot.
The amount of money flowing both from the AI bubble and from quite literally scalping both the server and consumer market... They gambled on the opportunity and if they fail - it's their problem.
And how is that a problem and more importantly how's that a problem of Average Joe?
Capitalists did their gamble things. If they fail in that gamble what forbids them to sell the regular RAM they made for AI bubbleists to the regular consumers? Besides HBM it's just the regular chips which are exactly the same for the consumer/server market, why it would be any different?
OpenAI (or whoever) crashes and can't pay for the order leaving the memory makers in a tough spot.