AI-led DRAM supply crunch reportedly has Morgan Stanley downgrading major OEMs — skyrocketing memory prices could erode server and PC margins

The article discusses how the AI-led DRAM supply shortage is causing Morgan Stanley to downgrade major OEMs, potentially leading to higher memory prices that could impact server and PC margins for years. The shortage has resulted in skyrocketing memory prices, prompting panic-buying among manufacturers while memory chipmakers profit. Morgan Stanley has revised stock ratings and price targets for companies like Dell, HP, and Asus due to the DRAM crisis. Apple remains rated positively due to strategic planning and securing DRAM supply beforehand. The article suggests that OEMs may absorb some of the DRAM cost to maintain margins, indicating the severity of the crisis.