Nvidia Is Losing 3 Points to RAM. Re-Price Your Server BOM.
Nvidia carries $279B in supply commitments, an increase it attributes primarily to memory, and still guided gross margin from 75% down to a 71-72% trough on RAM costs. Your server quote has no such contract behind it, and every self-hosted inference TCO model built on 2025 hardware prices is now understated.
August 27, 2026 · 11 min read