Consider the 'MMA N matrices' primitive modern CPUs are starting to support. For the current generation of CPUs, N is a constant like 16 or 32, but there's nothing preventing it from being 1024 or larger if we have more memory bandwidth.
All this with a single instruction.
But in reality we also already have unified memory architecture systems, integrated graphics etc.
And memory is already expensive. It's downright hard to even get it though - you frequently would prefer not what's cheapest, but whatever is in largest scale production.