The entire capacity of RAM production is basically booked out, for at least the next year. All fabs have sold their allocations already, and it takes years to build a new one. As a result, no it will likely not ease up if demand continues like this, again for at least a year.
Also worth noting:
They sold their allocations to people who don't have a clear path to profitability, and were paid with massive amounts of money that don't exist in reality.