Apple'ssharesexperienced their most significant single-day decline in over a year, slumping after the tech giant announced price increases for several products.- The Silicon Valley firm's stock fell by 6.1 per cent overnight, erasing approximately $270 billion from its market value.
- This sell-off was triggered by Apple's decision to hike prices for a number ofMacBookandiPadmodels in response to soaring memory and storage costs. - The increase in component costs is attributed to a shortage of memory chips driven by the AI boom.
- The slump in Apple sharesand concerns over memory supply negatively impacted stocks across the tech sector, weighing on global equity markets.
source & further reading
independent.co.uk — original article
Federal court says US government can label Anthropic a supply chain risk
An OpenAI system has gone rogue again – and it is the most panic-inducing yet
Anthropic says Claude has found something potentially transformative in our bodies