The Shadow Over America's Economy Last week, investors were preoccupied with the Federal Reserve's first rate hike in three years, as well as concerns about artificial intelligence's capabilities.
While experts debated the effectiveness of one rate hike in bringing down stubbornly high inflation, a more ominous concern lurked beneath the surface: the AI driven global memory and storage shortage.
The iPhone 18 Pro and Pro Max hit stores this week with prices bumped up by $100 due to the memory crunch. This is just the latest manifestation of a broader trend.