NVIDIA may have entered multi-year DRAM supply agreements with SK Hynix and Micron, according to a report from Edgewater Research. The agreements aim to secure memory for NVIDIA's AI products amid a shortage that analysts expect to last through 2028. Memory prices have risen due to sustained demand for AI infrastructure and the lengthy timeline required to build new semiconductor fabs. Edgewater said the long‑term contracts give manufacturers confidence to invest in capacity, and the trend reflects a broader shift away from one‑year deals toward three‑ to five‑year agreements, a change also noted by Samsung and SK Hynix. Analysts project that memory prices will not stabilize until the end of 2026, suggesting further long‑term contracts may be negotiated. The shortage's duration could affect AI hardware development and semiconductor investment decisions moving forward.