I expect them to sell everything if they go bust to recoup what little they can for investors. That would double whack hardware manufacturers are their final consumers are now both leaving the markets as buyers and entering as competitors.

Well, but to who? And for pennies on the dollar, most likely. Also not all ram is made equal. HBM for AI cards isn't LPDDR5 in iPhones.

HBM consumer GPUs.

RAM production is easier to transfer same with flash

But sell it to consumers, where there is pent up demand

Given that even small GPU repair companies in China can put GPU chips on new boards with double the original memory, I would not be surprised to see the same people selling HBM from scrapped AI data centers acting as RAM on adapter boards. ;-)