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Stock impact report

Surging memory chip prices dim outlook for consumer electronics makers [Yahoo! Finance]

HP Inc. (HPQ) 
Last hp inc. earnings: 2/24 04:05 pm Check Earnings Report
US:NYSE Investor Relations: h30261.www3.hp.com
Company Research Source: Yahoo! Finance
Raspberry Pi to HP Inc raise sticker prices to offset surging memory chip costs. The rapid build-out of artificial intelligence infrastructure by U.S. tech firms such ?as OpenAI , Alphabet-owned Google and Microsoft has absorbed much of the world's memory chip supply, pushing up prices as manufacturers prioritize components for higher-margin data ?centers over consumer devices. Samsung, SK Hynix and Micron, the world's three largest producers of memory chips, have said in recent months that they were struggling to keep up with demand as they reported rosy quarterly ?earnings on the back of surging prices for their semiconductors. But the price surge is rippling through consumer markets. Research firms IDC and Counterpoint both now expect global smartphone sales to shrink at least 2% this year, in a sharp reversal from their growth outlook a few months ago. That would mark the first annual decline in shipments since 2023. The PC market is expected to shrink at least 4.9% in 2 Show less Read more
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