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I just Googled [servers with 4T of RAM], but apparently no, it does not include the RAM itself. Came up with this (about $4K base, another $44K to max it out with RAM):

https://www.broadberry.com/dual-amd-epyc-rackmount-servers/a...

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Yeah, I've been eyeing the EPYC servers, but RAM pricing seems to very roughly be in the ballpark of $1,000 for 128GB, so $4k for 4T sounded very attractive and I wanted to make sure that I wasn't missing anything. As cvwright pointed out, you can get old DDR3 RAM for less, but I haven't found servers that can fit that many DIMMs. Thanks for your response.

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