""Turns out Sam Altman 'buying up' 40% of DRAM wafers was actually him writing Letters of Intent, letters he supposedly had / has no intention of converting to actual purchases now. And memory manufacturers are just getting DUMPED on today.""
""As of this writing, Samsung Electronics' stock price is down 19.68 percent this month, Micron Technology's is down 20.72 percent, and SK Hynix is down 14.06 percent.""
Recent developments indicate a downturn for the AI industry, particularly in RAM manufacturing. OpenAI's Sora platform shut down amid financial losses, and major RAM companies like Samsung and Micron have seen stock prices drop significantly. This decline has led to speculation about the potential bursting of the AI bubble. The situation is compounded by the revelation that OpenAI's agreements with RAM suppliers may not lead to actual purchases, further impacting market confidence.
Read at Kotaku
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