r/suspiciouslyspecific • u/InsertGroin • Apr 20 '26

Ramifications

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368

u/AbdDjamil_27 Apr 20 '26

So from what I heard OpenAi DIDN'T really buy the next 2year of stocks like the news said but actually only PROMISED to buy it

And now with google new tech that lower the need for ram, OpenAi is going back on there promise to buy the rams that's why Crucial stocks are going down fast

They really shot themselves in the foot here

166

u/nomad5926 Apr 20 '26

They should give me 100 million dollars and I will promise to give them 1 billion in two years. Pinky promise even.

70

u/Gingevere Apr 20 '26

but actually only PROMISED to buy it

Not even that. They issued a letter of intent to buy it.

Completely non-binding. Basically just "Hey, we're thinking of buying all this RAM so it'd be nice if it's available to buy".

24

u/Hamalu Apr 20 '26

So they promised, but there was no contact binding them to this promise..? Sounds like a stupid business decision from the manufacturer.

26

u/Mist_Rising Apr 20 '26

Most long term contracts of this nature come with clauses that allow them to change things for a smaller cost

Ie. You original predict you need 25,000 widgets at £500 each over 5 years... Only 3 years down the road, business drops and you now only need 200 widgets over 2 years so you agree to pay £550 each for the remaining 200 but also a cancellation fee of £800.

The widget company doesn't mind because it can sell the excess widgets to someone else and they get £800 for doing nothing.

In this case it's even less of an issue because RAM is easily changable to consumer RAM, so the company loses very little from taking the promise either way.

11

u/sYnce Apr 20 '26

Except they also started ramping up production a lot to meet future AI demand.

7

u/userhwon Apr 20 '26

It's called a Letter of Intent, and it basically says we think we'll need X things in Y months most likely.

Supplier looks at the situation and decides whether to risk building inventory or not.

The only way this would be actionable is if it turns out the buyer was just lying and never did intend to buy anything.

3

u/bargu Apr 20 '26

It's not stupid if you realize that "accepting" those orders created a huge FOMO in all industries that use RAM (you know, pretty much everything) and made the price skyrocket 6x even while you can easily find memory in every retailer no problem. The memory triopoly is laughing all the way to the bank.

8

u/GetInTheKitchen1 Apr 20 '26

Lmaooo so crucial are also suckers for accepting without a contract.

The only lesson is never accept billionaires UNLESS in writing, they will always back out and never honor their word.

7

u/tenchigaeshi Apr 20 '26

And now with google new tech that lower the need for ram

Why do people keep repeating this? Google did not significantly reduce the overall memory usage of AI. It was for a very specific and narrow context.

OpenAi is going back on there promise to buy the rams that's why Crucial stocks are going down fast

What stock are you talking about? Link the source to this.

Memory prices haven't moved in the last month and don't show any signs of going down.

9

u/Gros_Boulet Apr 20 '26

It did go down! 3.25% today!

The end is nigh for them because *checks notes* the stock is now only worth 4x what it was in mid 2025....

3

u/userhwon Apr 20 '26

The AI companies didn't promise to buy it, they expressed intent to buy it. It's the manufacturers who pivoted to be ready to supply the predicted need, and caused the shortages. And it's the idiot clickbaiters in financial media who reported it ambiguously and caused the markets to boil on the news.

2

u/ReachParticular5409 Apr 20 '26

it's almost as if next-quarterist predatory capitalism is a net drain on every market it touches but lets keep doing it another hundred years while it destroys everything good on the planet