Woofun AI data shows that server DRAM spot prices have climbed above $3100, representing a 146% premium compared to the late-June contract price of $1380. This sharp increase is attributed to demand from sovereign AI initiatives in regions like Saudi Arabia, testing requirements from new AI data centers, and constrained supplier inventory. The widening spread between spot and contract prices since mid-July highlights intensified AI-driven procurement. Analysts draw parallels to the January market surge, suggesting that upcoming hyperscaler earnings reports could catalyze further contract price hikes and support a rebound in memory sector equities.