NASDAQ:LCSP 23 January 2026

June 19, 2026, 6:24 AM EDT. Apple CEO Tim Cook announced unavoidable price increases due to rising memory and storage chip costs, linking higher consumer electronics prices to the AI-driven memory shortage. Memory components like DRAM and NAND, essential for data storage and AI processing, are increasingly demanded by data centers, pushing prices sharply higher. Semiconductor supplier Micron Technologies surged to a record $1,133.99, buoyed by sustained tight memory supply and strong investor confidence; Deutsche Bank raised its price target to $1,500. While U.S. gas prices fall below $4 a gallon, consumers face rising costs for phones, laptops, and servers. Apple's Q2 revenue climbed 17% to $111.2 billion, backed by robust earnings and a $100 billion stock buyback program.