“It's impossible for the [memory] shortage to last until 2030 — supply of DDR4 and DDR5 is already quite large, DDR4 has more sellers than buyers, and only high-end parts like LPDDR5X-9600 are tight: 'How could there be a continuous shortage? Mainland Chinese capacity keeps coming online.' PC prices will still rise 5% to 20% in the fourth quarter of 2026, plateau in the first half of 2027, and begin declining after mid-2027 as Chinese capacity, particularly CXMT, comes online.”

Resolves through 2027. Chen's view runs directly against SK hynix, Micron and Adata, which have forecast tight memory supply into 2030 or beyond; Michael Burry cited Chen's comments in his September 22, 2026 Substack post to support his short positions in memory names.