🤯 RAM Prices Just Broke Reality

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Your next laptop might cost more because three companies allegedly decided competition was overrated.

A class-action lawsuit dropped Thursday in California federal court. The targets: Samsung, SK Hynix, and Micron.

The accusation? They teamed up to choke DRAM supply and crank prices during the AI gold rush.

Here's the play they're accused of running.

They allegedly cut production of old-school DDR3 and DDR4 memory. Then they shoved all that capacity toward fat-margin AI chips like HBM for data centers.

The result, per the suit: DRAM prices rocketed 500–700% in four years.

Now here's the tell.

In a normal market, high prices are a bat signal. More supply rushes in. But supply kept shrinking instead.

That's like a restaurant getting more popular and deciding to cook less food.

Does this rhyme with history? Oh yes.

Samsung paid $300M and SK Hynix paid $185M over DRAM price-fixing back in the 2000s. Some execs even did prison time.

To be clear: nobody's been found guilty this time. No trial date yet.

But the forecast isn't comforting. Jefferies thinks memory prices could climb 40–50% next quarter, then another 30–40% after that. Normal pricing? Not before 2028.

What does it mean for me and you? Our gadgets are about to get pricier.

Different chip drama, same week.

Taiwanese agents raided Supermicro's offices Monday. The shares dropped 6% by the afternoon.

The reason? An ongoing probe into whether Supermicro smuggled Nvidia GPUs into China, tucked inside its servers.

Investigators hit homes of six people and three companies in Keelung. Supermicro says it's cooperating.

Here's the new wrinkle.

The U.S. has chased chip smugglers for years. But this is the first time Taiwan has publicly joined the chase.

Funny thing: Taiwan doesn't even consider AI chip exports to China a crime yet. They're just thinking about making it one, to match the U.S.

And this isn't Supermicro's first rodeo. Back in March, three people tied to the company (including a co-founder) were charged with helping ship $2.5B in U.S. AI tech to China.

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SpaceX went public a few weeks ago. Wall Street wasted no time.

Roughly 200 ETFs have already loaded up on shares.

Some funds went big. Like, "bet the house" big.

The Baron First Principles ETF $RONB ( ▲ 2.77% ) put 30.4% of everything into SpaceX. That's a $177.6 million swing.

Right behind it:

When a quarter of your fund is one stock, you're not diversified. You're a fan.

Bigger funds played it cooler. Smaller percentages, way more dollars.

The iShares AI Innovation ETF $BAI ( ▲ 3.48% ) holds an estimated $519.3 million in SpaceX. But that's just 3.1% of the fund.

Cathie Wood's ARK Innovation $ARKK ( ▲ 3.2% ) sits second with $341.6 million, or 4.9%. (More on this in a second)

Same rocket, different bet size.

You'll also find SpaceX tucked inside funds you'd never expect:

If you own a broad tech fund, you might already be a SpaceX shareholder.

ARK Invest just showed its hand for June 22-26, and the message is loud.

AI infrastructure, crypto, fintech, biotech: in. Streaming, China, and a few genomics names: out.

Think of it as spring cleaning, except the broom is pointed at $ROKU ( ▲ 0.84% ) and $BABA ( ▲ 0.74% ).

ARK went hunting for AI picks-and-shovels.

It grabbed $48M of Cerebras $CBRS ( ▲ 19.04% ), the chip startup trying to dethrone Nvidia, plus $14M of CoreWeave $CRWV ( ▼ 1.11% ).

Tesla and Alphabet each got about $8M added. A little nuclear flavor too, with $1.8M of X-Energy.

The real splash? SpaceX exposure jumped $39M across multiple funds. Cathie still believes rockets are an asset class.

Software got love as well:

ARK kept feeding its digital-money habit.

More Circle ($6.2M), more Coinbase ($11.1M), more Robinhood ($4.6M), plus a fresh nibble at Bullish.

She's betting the plumbing of crypto matters more than the coins themselves.

The biggest share count went to Recursion Pharmaceuticals (RXRX), 1.76M shares worth about $6M. The pitch: AI that designs drugs.

Also added: Generate Biomedicines, Tempus AI, Alamar Biosciences, and pharma giant Eli Lilly.

Here's where it gets spicy.

ARK dumped $99M of Roku $ROKU ( ▲ 0.84% ). That's the single biggest move of the week, and it wasn't a buy.

China got the cold shoulder too. She sold $70M of Alibaba $BABA ( ▲ 0.74% ) and trimmed Baidu.

A few genomics names also got lighter: Absci, Strata Critical Medical, and Twist Bioscience.

So what's the read? ARK is doubling down on AI and crypto rails while quietly backing away from streaming and Beijing.