As the global race for AI moves forward, a shortage of memory chips has begun to drive up prices of consumer electronics and may lead to product shortages.

Revenue quadrupled to $41.45 billion compared with the same period a year ago. The company's profit, meanwhile, rose from $1.88 billion to an incredible $28.2 billion year-over-year.

AI-driven memory demand is squeezing global supply, raising device costs and threatening affordable smartphone access—reshaping participation in the digital economy.

Since late last year, I’ve been warning potential buyers of consumer tech to make their moves sooner rather than later. That’s because the price of gear has been increasing at an alarming rate thanks to a shortage of memory and solid-state storage chips.

Eager to find more public AI-related companies that may do as well as Nvidia, Wall Street investors think they've found a winner with Micron.

The AI boom has turned memory chip manufacturers like Micron and SK Hynix from cyclical businesses into a sizzling hot growth sector.

Apple hiked iPad and MacBook prices on Thursday, saying it could no longer shield customers from soaring memory and storage chip costs driven by the AI industry's rapid and expansive data center buildout.

The new chip is projected to offer 'up to 50% more performance, or 70% greater energy efficiency than IBM's 2-nanometre node chips'.