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Apple hikes prices as memory chip costs skyrocket
Reuters Videos54d agoneutralVIDEO
Apple hikes prices as memory chip costs skyrocket

<body><p>STORY: :: Apple</p><p>Apple is hiking prices as the cost of memory chips skyrockets.</p><p>Its lowest priced laptop will jump from $599 to $699, with iPad prices also rising.</p><p>For now at least, the iPhone is unaffected.</p><p>Apple says it can no longer avoid passing on rising costs to consumers.</p><p>The price of memory chips jumped by around 98% in the first quarter, and has continued to soar ever since.</p><p>That is driven by the boom in AI data centers.</p><p>Companies like Nvidia have signed big deals with chipmakers, leaving consumer electronics firms scrambling to secure supplies.</p><p>Apple said it had never seen component prices increase so much, so quickly.</p><p>While iPhones weren’t hit by Thursday’s move, analysts say it’s only a matter of time before they too face price increases.</p><p>Apple shares fell almost 5%, while Dell dropped 8%.</p><p>Some industry watchers say Apple’s rivals may have to do even bigger price increases, as they lack the Mac maker’s deep ties to suppliers.</p><p>Research firm IDC says the global smartphone and computer markets will both see sharp contractions this year due to the rising prices.</p></body>

Arm (ARM) Wants To Be The Next Full Stack AI Infrastructure Provider
Simply Wall St.54d agoneutral
Arm (ARM) Wants To Be The Next Full Stack AI Infrastructure Provider

SoftBank CEO Masayoshi Son outlined a long-term vision for Arm Holdings to become a full-stack AI infrastructure provider. Arm is planning to move beyond licensing chip designs and into selling complete processors, echoing parts of Nvidia's business approach. Son suggested Arm's value could eventually be many times higher than today, tying that ambition to the company’s role in AI infrastructure. Arm Holdings, traded as NasdaqGS:ARM, is drawing fresh attention after Masayoshi Son set out an...

Leopold Aschenbrenner’s Situational Awareness Top Crypto and AI Stock Pick You Shouldn’t Miss
Insider Monkey55d agobearish
Leopold Aschenbrenner’s Situational Awareness Top Crypto and AI Stock Pick You Shouldn’t Miss

We just covered Leopold Aschenbrenner’s Situational Awareness Reveals Its 10 Under-The-Radar AI Stock Picks. Hive Digital Technologies (NASDAQ:HIVE) ranks #10 (see Situational Awareness Top 5 Under-The-Radar AI Stock Picks). Situational Awareness Stake Value: $6,443,939 (NEW) Hive Digital Technologies (NASDAQ:HIVE) was founded in 2017 as a renewable energy Bitcoin miner. Bulls are more interested in the company’s […]

Buying Your Own Sports Team (with Stocks)
Motley Fool55d agobullish
Buying Your Own Sports Team (with Stocks)

Every sports fan dreams of owning their favorite team. The Hidden Gems team takes a look at what sports teams you can own through stocks and if they're worth the investment.