The squeeze shows how AI is reshaping the chip cycle, turning memory from a commodity input into a critical bottleneck. That has made pricing power the dividing line in global equities: suppliers are posting windfall gains while device makers face higher costs and weaker margins.
(May 13): The worsening shortage in global memory chips due to the artificial intelligence buildout is driving a widening gulf in corporate results and stock performances.
Shares of memory makers Micron Technology Inc and Samsung Electronics Co have surged to record highs on blockbuster results driven by buoyant product prices. Meanwhile, consumer product makers from HP Inc to Nintendo Co have been weighed down by profit pressures stemming from higher chip costs.
