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Article No. 70 · Today's briefing
IllustrationHindsite · Editorial Art

The Memory Wars: How AI Ate the Future of Computing

From hourly pricing in DRAM markets to shuttered electronics firms, the world is running out of the one resource every digital device needs—and no one knows when relief will come.

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The Traders of Huaqiangbei

In the labyrinthine electronics markets of Shenzhen's Huaqiangbei district—the pulsing heart of China's hardware trade—prices now change by the hour. A 16GB DDR4 memory module that sold for 180 yuan in early 2025 commands over 400 yuan today, with premium brands pushing 420 . Samsung's 1TB solid-state drives have vaulted from 200-odd yuan to 620; the 2TB models breach 1,200 . Traders describe storage products as "black gold bars," their value tripling in months . One vendor's refrain has become the district's dark mantra: "yī tiān jǐ gè jià"—several prices a day .

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