If memory prices cool, in about 2 years, Micron will stop new projects, they have done it before.

Especially given CXMT has been able to scale up much faster than what most people expected, only reason their isn't a bigger impact is modern HBM is hard to CXMT even today.

We are likely to see supply double in the next 3 years, but demand even out with optimizations, cooling of data center demand, and most importantly moving some of the dram to flash demand instead which is much easier to produce and scale.

Anyone who has been around the semiconductor industry since the last century will remember various huge fabs e.g. in Arizona that were partially built but never finished due to oversupply by the time the walls and roof were done.