WS #11490
Apple raises prices on Macs and iPads by up to $200 due to memory chip shortages from AI boom, bearish for AAPL, bullish for memory chip makers. Bloomberg reports chip stock bulls look to Samsung earnings to calm AI trade volatility. Foxconn reports strong Q2 revenue driven by AI demand, but warns on geopolitics. Microsoft plans to lay off up to 5,000 workers, reallocating resources to AI, affecting sales, consulting, and Xbox units.
Apple price increases due to memory chip costs
Apple raises prices on Macs and iPads by up to $200 due to memory chip shortages from AI boom, bearish for AAPL, bullish for memory chip makers.
Bloomberg reports chip stock bulls look to Samsung earnings to calm AI trade volatility.
Foxconn reports strong Q2 revenue driven by AI demand, but warns on geopolitics.
Microsoft plans to lay off up to 5,000 workers, reallocating resources to AI, affecting sales, consulting, and Xbox units.