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Apple’s Memory Crisis Hits Stock and Prices | Durham News
Apple’s facing a brutal chip crunch—memory costs have spiked so high CEO Tim Cook calls it a “hundred-year flood,” forcing Apple to secretly ask the U.S. government for permission to buy chips from a Chinese company on the Pentagon’s blacklist. Meanwhile, Microsoft’s raising Xbox prices and killing off its biggest model, all because the same HBM chips powering AI data centers are now scarce and wildly expensive. The entire tech industry is feeling the squeeze, with AI companies cutting back usage and hardware makers being the only ones still profitable—this memory crisis could be the bubble’s…
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