Samsung (SSNLF) has raised the prices of certain memory chips by up to 60% compared to September due to its short supply caused by the global race to build AI centers, Hyunjoo Jin and Fanny Potkin of Reuters reports, two sources told Reuters. This comes as the company decided to delay an announcement of pricing for supply contracts in October.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SSNLF:
- Major Bank Says Asia Leads in AI Stocks – Which Are the Best to Buy?
- Nvidia Ramps Up TSMC Orders as Blackwell AI Chip Demand Soars
- TSLA, INTC Stocks Surge as Musk Teases Mega Chip Deal with Intel
- Samsung in talks with Barclays for consumer credit card, WSJ says
- Intel Stock (NASDAQ:INTC) Notches Up on Potential New Alliance