Valve updated their article about when the Steam Machine/Controller/Frame will ship.
Previous message:
We hope to ship in 2026, but as we shared recently, memory and storage shortages have created challenges for us. We’ll share updates publicly when we finalize our plans!
New message:
We shared recently that there have been challenges with memory and storage shortages, but we will be shipping all three products this year. More updates will be shared as we finalize our plans.



Of course they already have stock, the original launch date was Q1 2026 (which ends in 3 weeks). They might not have a ton of devices, but they do have stock. Same way they have been sending out dev kits.
RAM has spiked since November/December, before that it was cheap. I got my 2x32 GB 6000 CL30 RAM for 200€.
Valve has the issue that they could deliver the first batch for “cheap”, but then every unit they produce afterwards suddenly costs a chunk more (like 200-300€). So it’s either a paper launch or they’d have to raise the price above the Index, which won’t lead to good PR.