Nvidia is notifying major cloud clients (Microsoft, Oracle, Alphabet) of approximately 15% price increases on AI server chips like Vera Rubin and Grace Blackwell starting early 2027, driven by surging DRAM costs that even the chip giant—with 75%+ gross margins—can no longer absorb internally. This signals a significant shift in supply-chain power toward DRAM makers (Samsung, SK Hynix, Micron) and threatens to raise capex pressure on hyperscalers' AI infrastructure expansion.