Over the next five years, demand for memory is expected to grow more than 600-fold, according to Dell’s chief, driven by the rise in AI workloads.

Brief summary

- Dell founder Michael Dell stated that memory demand will grow 625 times in the first five years after ChatGPT launch (2023‑2028).

- The growth applies to both CPU DRAM and GPU accelerator memory.

- Example: Nvidia H100 accelerator (80 GB HBM3 in 2022) → expected variant by 2028 – 2 TB, giving a 25‑fold increase in volume. Given that the market for such accelerators also expands 25 times, the overall growth in GPU memory demand is 625×.

- A conservative model (Vera Rubin with 576 GB HBM4) leads to an 180‑fold increase in demand.

In both scenarios it’s clear: memory production will not keep pace with such a sharp rise in demand, inevitably creating a shortage.