alt Hacker NewsPC gaming is a small single digit percentage of the total volatile memory market. Neither Samsung or micron or Hynix currently have any incentives to increase production to address the shortage and lowering prices for that segment of the market. It’s just not a money maker for them.
That doesn't mean that the price will never return to "normal". All three companies have new fabs being built in America and Europe right now, but they won't be online for a couple of years.
Also, if demand for AI chips continues to be sky high for years and year, the memory that is being developed now will eventually be phased out for new standards (DDR6/7/8???) and the DDR5 from existing products will be stripped and resold by other companies.
Also, if demand continues to stay high, then new companies will enter the market to cut off a slice of that monopoly pie and drive down prices. Supply and demand dictate that prices must go down if supply increases.
Personally, I think the demand will drop off a cliff if/when the AI bubble pops, but we don't know when that will happen. Until then, everyone can enjoy their Steam backlog and wait it out :)