Apple Inc.Apple raised MacBook and iPad prices by up to 25%, citing surging memory chip costs, which wiped $263B off its market value.
Global stocks plunged on Friday in a tech rout after Apple raised prices on its MacBook and iPad by up to 25 percent, citing surging memory chip costs driven by AI demand. Trading was briefly halted on South Korea's Kospi index, which sank 5.8 percent, while Japan's Nikkei dropped 4.2 percent and European markets declined around 1 percent. The Nasdaq fell as much as 1.3 percent in New York, with SpaceX shares down another 3 percent, on track for an 18 percent decline over two weeks. Reports that OpenAI may delay its trillion-dollar listing until next year added to the pressure on AI-linked shares. Apple's price increases wiped about 263 billion dollars off its market value, highlighting how the costs of AI infrastructure are beginning to filter down to consumers.
Apple Inc.Apple raised MacBook and iPad prices by up to 25%, citing surging memory chip costs, which wiped $263B off its market value.
Advanced Micro Devices Inc
Amazon.com Inc
Salesforce.com Inc
Alphabet Inc Class C
Microsoft Corporation
Space Exploration Technologies Corp. Class A Common StockSpaceX shares fell 3% amid broad tech rout, but no company-specific news is mentioned.
ASML Holding N.V.
Coinbase Global Inc
Netflix Inc
Oracle Corporation
Palantir Technologies Inc.OpenAI may delay its trillion-dollar listing until next year, adding pressure on AI-linked shares.