100%. We're probably on the cusp of over-capacity, a glut, cheap RAM, bankruptcies, and shortages.
I for one can't wait. Current prices are absolutely insane.
However a problem exists with scalper bots. They're going to fight tooth and nail to keep prices artificially high even when supply increases. Same with the hyperscalers blowing "free money" at eating supply as a strategic position against smaller competitors.
The memory companies report that they're sold out through 2027... so it might be a while