Woofun AI reports that Morgan Stanley analyst Joseph Moore warns the data center memory shortage is deteriorating with no signs of easing supply pressure. Memory product prices for the third quarter have already risen by at least 25% compared to second-quarter 2026 projections, exceeding previous forecasts. The supply tightness is expected to intensify in 2027 and 2028 as current resources fail to meet rapid AI demand, reducing availability for consumer electronics like PCs and smartphones. AI consumption of DRAM capacity is making memory a key bottleneck alongside power and space, with some cloud customers paying premiums for early delivery. Market participants believe HBM and DRAM supply chain pressures will persist as AI server construction expands.