The Minutes of Dylan Patel on hbm https://minutesof.com/dylan-patel/on/hbm/ Everything Dylan Patel has said on HBM: 6 verbatim quotes between August 2025 and August 2026, each with a timestamp and a link to the recording it came… en Sun, 30 Aug 2026 16:22:18 +0000 Patel predicted memory prices would soar because capacity grows 30% annually while demand doubles. https://minutesof.com/q/426304ad-3877-4fb3-a3f6-264771845ee3/ https://minutesof.com/q/426304ad-3877-4fb3-a3f6-264771845ee3/ “Memory capacity is only growing 30% a year for the next three years. And yet demand is doubling, is doubling. And so what's gonna end up happening is memory prices are gonna keep soaring.” — WisdomTree in Europe Thu, 09 Jul 2026 06:16:39 +0000 hbm Patel reports memory prices have tripled, adding $150 to iPhone bill of materials versus $50 previously. https://minutesof.com/q/e524598c-47c1-41cb-9f34-bfc633a4887e/ https://minutesof.com/q/e524598c-47c1-41cb-9f34-bfc633a4887e/ “the price of memory is like tripled. Let's call it if it's now it's $12 per gig for DDR. So now you're talking about a $150 versus $50.” — Dwarkesh Patel Fri, 13 Mar 2026 16:26:57 +0000 hbm Patel says memory makers have not built new fabs since 2022 due to cyclical nature. https://minutesof.com/q/8b546cbf-7428-4740-a672-99ccb7374ee7/ https://minutesof.com/q/8b546cbf-7428-4740-a672-99ccb7374ee7/ “The memory makers, in fact, have just not expanded capacity. Basically, new they've not built new fabs since 2022. Yeah. Because their their cycle their cycle is so undulating.” — TBPN Tue, 03 Feb 2026 23:08:03 +0000 hbm Patel lists NVIDIA's structural advantages across networking, HBM, process nodes, speed to market, and supplie https://minutesof.com/q/af9d9adc-9470-4ff6-aba9-8433597b2e9f/ https://minutesof.com/q/af9d9adc-9470-4ff6-aba9-8433597b2e9f/ “NVIDIA's gonna have better networking than you. They're gonna have better, HBM. They're gonna have better process node. They're gonna come to market faster.” — a16z Mon, 18 Aug 2025 18:26:43 +0000 hbm