That is also why I am pessimisic about prices ever coming down to previous level. Best case it halves and people will cheer, and it will still cost way more than before.

the prices would already have stabilized or come down if we were at the choke point, as long as inventory is moving it will stay like this. Production is shifted to data center memory and even if all the AI and data center investment stops tomorrow it will take months to a year to shift any production back to consumer RAM.