[Ballas]

Well, Mooress original statement coupled transistor density to cost. With the current RAM pricing, it looks to me like Moore's law is not only dead, but in fact reversed - the cost of a fixed density of DRAM cells double roughly every 12? Months.

[bell-cot]

RAM price booms & busts have been a thing since at least the early 1980's, when Andy Grove got Intel out of the memory manufacturing business - because he didn't like the financial aspects, nor the sort of big competitors who were establishing themselves there.