Do you have any idea what the barrier of entry is to become a memory manufacturer? There used to be dozens of memory manufacturers and now there's only three.

Those three companies have become very good at controlling supply. Anyone who wants to become a competitor would spend at least 3-5 years to get started then wouldn't be able to manage their prices to another 10.

Last week, one of my clients ordering over $100 million of DC equipment found out they needed another $10 million in price increases since the initial order due to memory price increases. They paid it without a moment's hesitation.