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This piece contains more jargon and acronyms than usual. There is, as a result, a "What you need to know" explainer at the end that you can scroll to if you find yourself lost.
This past quarter, memory price gains broke records. Server DRAM was up 90% in the quarter. PC DRAM prices more than doubled. Enterprise SSDs were up 58%. These are the largest quarterly increases ever recorded, and Q2 forecasts show more coming.
Check the following figure for both the current episode and for historical context:
What a time to be alive.