RAM prices have quadrupled, and the underlying logic is actually quite heartbreaking: a large number of unproduced memory modules are being pre-purchased with virtual funds, to be installed into GPUs that haven't been built yet, and finally piled into data centers that are still in the planning stage. The entire chain is based on expectations and imagination. There is no real production, no tangible demand, only the疯狂押注 of speculators. This is the most authentic portrayal of a market bubble—prices have detached from fundamentals and have become a pure psychological game. Once real capacity is released, these inflated prices won't last long.