June manufacturing data shows strong output growth in the U.S., but analysts say much of the activity is precautionary stockpiling, rather than a genuine surge in consumer demand.
The demand for memory chips has skyrocketed with the rapid growth of AI infrastructure. The shortage poses a major challenge for the consumer electronics industry.
New survey data from S&P Global shows U.S. manufacturing orders hit their highest level in four years, but the jump isn't driven by strong consumer demand.