A global shortage in memory chips sparked by artificial intelligence has dealt a “tsunami-like shock” to the smartphone industry, pushing prices to all-time highs, according to a new report.

Micron Technology surged 294% over the past year, driven by acute DRAM and NAND supply constraints, etc. Click here to read why MU is a Hold.

MU experienced a strong increase of 327%, driven by a spike in AI-related demand and a constrained supply of HBM ...