Tokens Just Got Cheaper. Will That Fix the AI Chip Shortage — or Fuel It?

The cheaper AI tokens get, the more expensive memory becomes. Inference costs fell 280-fold in two years; enterprise AI spending tripled anyway, and DRAM contract prices just posted a record 90-95% quarterly jump. Jevons saw this pattern in 1865 with coal. A look at what actually rebalances the chip market — and why the answer is fabs in late 2027, not smarter models or ASICs.