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Apple iPhone Prices to Rise as AI Data Centers Consume World's Memory Chip Supply
Apple CEO Tim Cook told the Wall Street Journal that iPhone price increases are 'unavoidable,' comparing the memory chip crisis to a 'hundred-year flood.' Memory prices have risen more than sixfold in one year because AI data centers are consuming the global supply. On the same day, Trump announced Apple and Intel will partner to build chips in America, sending Intel stock up 10%.
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