They should! If you take Parakeet (ASR), add Qwen 3.5 0.8B (LLM) and Kokoro 82M (TTS), that's about 1.2G + 1.6G + 164M so ~3.5GB (with overhead) on FP16. If you use INT8 or 4-bit versions then are getting down to 1.5-2GB RAM.
And you can always for example swap out the LLM for GPT-5 or Claude.