Why do we need so much more memory now than last year?

All the memory stocks have gone fucking crazy over the last year and now that the pump is slowing down I’m starting to wonder how much of this memory is actually needed. I understand that Ai is expanding and they need more memory for it, but do we really need 600% more memory? That seems like kinda growth and I find it hard to believe that Ai needs 6x more memory this year than last year. I’m probably just regarded but I think this might be overvalued as fuck

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