BATTLESWARM: RAM Cartel? I Seriously Doubt It. “Manufacturers switching production from a less profitable product to a more profitable product isn’t some nefarious conspiracy, it’s how the market works. If they’re getting premium pricing for HBM memory that sells out instantly for the AI bubble, that’s what they’re going to produce. A whole lot of tech companies depended on the spot market for RAM because it gave them more flexibility and costs savings, but now it’s biting them in the ass. Their lack of foresight does not indicate a conspiracy or market failure.”