00:00It's Benzinga bringing Wall Street to Main Street.
00:02Memory chip price surges are creating a sharp split across tech stocks,
00:06with memory makers rallying while consumer electronics and device manufacturers face
00:11margin pressure, according to Bloomberg. A Bloomberg gauge of global consumer electronics
00:16companies is down 10% since late September, while a basket of memory producers has surged
00:22roughly 160%. Investors are questioning how long supply tightness will last as shortages and rising
00:29prices dominate earnings calls. Qualcomm shares fell more than 8% after the company signaled
00:34production limits. Nintendo posted its biggest drop in 18 months after warning on margins,
00:40while PC-related stocks, including Lenovo, Dell, and Logitech, have fallen more than 25% from recent
00:47peaks. AI infrastructure spending has shifted capacity toward high-bandwidth memory, driving
00:52spot-drawn prices up more than 600% and fueling what some describe as a prolonged memory supercycle.
00:58For all things money, visit Benzinga.com.
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