Apple has lobbied the Trump administration for permission to buy memory chips from Chinese manufacturer ChangXin Memory Technologies (CXMT), which is blacklisted by the Pentagon, as the AI boom drives…
Micron CEO Sanjay Mehrotra predicts the DRAM shortage will persist until at least 2028, with supply unable to catch up with AI-driven demand, despite new fab investments. The crisis is expected to kee…
Apple is lobbying the Trump administration for approval to purchase DRAM chips from Chinese manufacturer ChangXin Memory Technologies (CXMT) amid a global memory shortage and rising prices. The move p…
US equity markets reversed morning gains in the final hour of trading, with the S&P 500 falling 0.1% and the Nasdaq dropping 0.4%, driven by semiconductor selloffs and growing concerns over AI investm…
Amazon Web Services raised prices for EC2 Capacity Blocks for ML by roughly 20% starting in July, following a 15% increase in January, citing supply and demand dynamics. The hikes reflect memory chip …
The S&P 500 and Nasdaq are on track for weekly losses as a broad semiconductor selloff, led by Nvidia, AMD, and Micron, drags major indices lower. The PHLX Semiconductor Index's weakness has pulled do…
The AI boom may be entering its final stages as stock volatility surges and companies rush to raise cash, with analysts at Capital Economics warning of an equity bubble close to bursting. The Nasdaq h…
Chip stocks fell Friday after a New York Times report that OpenAI may delay its IPO until 2027 to achieve a $1 trillion valuation, reversing a brief rally fueled by Micron's strong earnings and Qualco…
Micron's chief business officer Sumit Sadana told the Wall Street Journal that aggressive pricing demands from certain customers during the 2022-2023 DRAM downturn suppressed investment, contributing …
US stock indices Dow, NASDAQ, and S&P 500 opened lower on Thursday as a tech-led selloff deepened, dragging cryptocurrency markets down with Bitcoin falling 2.5% to $62,300 and altcoin liquidations re…
Apple raised prices up to 25% across Macs and iPads due to soaring memory costs driven by AI infrastructure demand. Analysts warn of further iPhone price hikes and a new normal of higher electronics p…
Wall Street futures fell Friday as traders locked in profits from AI stock rallies, with the S&P 500 and Nasdaq futures down 0.6% and 1.4% respectively. Asian markets also plunged, led by Japan's Nikk…
Apple raised prices on core products by up to 54%, blaming AI-driven chip cost increases. Critics note Apple's $100 billion gross profit and deep supplier relationships, questioning whether the hikes …
Wall Street triggered a massive selloff in tech stocks after Apple announced price hikes due to rising memory and storage chip costs, with Deutsche Bank warning of a 'memory supply crisis' as AI deman…
Micron's blowout earnings reveal the rising cost of the AI boom, with the memory chipmaker trading at a low P/E ratio due to expected profit surges. The company's pricing power benefits suppliers but …
US technology stocks fell sharply, with the Nasdaq dropping 2.2% and the S&P 500 declining 1.4%, as investors questioned whether massive spending on artificial intelligence will ever yield returns. Th…
Micron has signed 16 strategic customer agreements with five-year terms, locking in high RAM prices as AI-driven demand outstrips supply. The company expects tight memory market conditions to persist …
Apple raised prices on Mac, iPad, and home devices on June 25, citing unsustainable memory chip costs driven by AI demand, triggering a selloff in Asian technology stocks. Apple shares dropped up to 6…
South Korea's KOSPI index plunged over 8% on June 23, triggering a circuit breaker, as foreign investors sold $2.6 billion in shares amid a tech rout led by Samsung Electronics and SK Hynix. The sello…
Microsoft raised Xbox Series X|S prices by $100 to $150, effective August 1, citing surging memory and storage costs driven by AI demand for high-bandwidth memory chips. Apple also increased MacBook a…