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AI memory shortage lifts Micron, raises concern over prolonged rise in IT device prices

Rising demand for memory chips driven by the spread of artificial intelligence is delivering record-level gains for semiconductor companies, while prices for major consumer electronics are climbing, the article said. Micron reported results well above expectations and its shares jumped. SK Hynix is pursuing a U.S. IPO. Apple raised Mac and iPad prices and Microsoft increased Xbox console prices. The trend is also spreading to AI chips, manufacturing equipment and enterprise AI services.