There are many many providers that offer deals that are more than within the stated budget. Hetzner Cloud will give you around 16-32GB and more than 4 cores fo

There are many many providers that offer deals that are more than within the stated budget. Hetzner Cloud will give you around 16-32GB and more than 4 cores for <50$. For similar amount of money you can also get a dedicated server from them (and many other providers) with > 60GB of RAM, > 4 cores and nvme. Scaleway, OVH and others also have offerings that are not too far off (but less familiar with their offerings).