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.
GDP rose at an annual rate of 2% from January to March, according to data out today from the Bureau of Economic Analysis. A big reason why: investment in AI.
Meta, Google, Microsoft and Amazon report tomorrow. Apple reports on Thursday. These companies are so large that their earning reports can swing the stock market in either direction.
Tech companies heavily subsidized AI use in the early days. But now, particularly with the advent of AI agents, spending on AI can start to rival employees’ salaries.