Michael Dell: memory shortage will only get worse in 2027

Dell CEO Michael Dell said HBM and DRAM shortages will worsen next year, with new memory fabs not reaching full capacity until 2029–2030. Dell is meanwhile sitting on a record $95 billion backlog of AI servers, with memory supply the main bottleneck to shipments.

• Dell: memory constraints could persist for up to four years
• Dell's AI server backlog hit a record $95 billion
• Dell times DRAM purchases to final assembly and uses long-term supply deals
• New memory fabs won't reach full capacity until 2029–2030