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One local store drops prices to clear stock and/or gain mindshare. Within a week, everybody else does.

Happened before, will happen again.

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Then why did they drop prices the last few times prices spiked like this?

RAM was this price some years back, and yet last summer/fall it was at an all-time low.

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> there's no reason for companies to drop prices

Competition.

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Exactly. Production of RAM, SSDs, etc is spread out enough that no one company/country/fab has a stranglehold on the market. Right now anyone with a memory fab has a money printer. More people will build fabs, just like they did last time. It takes a bit but they'll get built.
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How many companies have a memory fab? How many companies can build a memory fab?
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In both cases, more than 1!
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My primary concern is for next generation hardware.

Will we continue to see steady improvement in top quality CPU/GPUs? Would they even bother releasing consumer versions of ram faster than DDR5?

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Why would that concern you unless you are working on the cutting edge and the very limits of that hardware?

The current generation is insanely fast. I am planning to get a gaming PC for my wife and a mix of gaming + workstation PC for me (or maybe just base it off of the Ryzen 9950x3D and call it a way). We plan to hold on to them for 10 years.

I don't care if anything 6x faster comes out. For what I need the current generation is even an overkill.

I'd even go as far as to say that it would be quite OK if that's the very last generation and no further hardware development ever happens.

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