Adam Smith had already clarified free market refers to a market free from all forms of economic privilege, monopolies and artificial scarcities.

You are confusing market outcome with market structure.

But where is the monopoly here? Nobody has a monopoly on housing supply or DRAM production.

Nobody is making an artificial scarcity. They’re producing as much as they can.

You can buy the exact same DRAM that the data centers are bidding on.

There is absolutely artificial scarcity in the housing market, it is one of the biggest problems we face as a country

Good point, however we can't miss the history which shows that free market are not achievable, in some fields of economic is seen as "fairy tale".

Even dumb Greenspan already knew we dont want unregulated..."free" markets: https://youtu.be/AWM0l8_F_X0?t=412

Incumbent owners preventing the construction of more supply to maintain their own property values is not "free market". This is very basic stuff