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via finance.yahoo.comTech & AI

Apple's memory pricing warning adds fuel to wobbly Micron and SK hynix trade

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Apple (NASDAQ:AAPL) may have delivered one of the clearest warnings yet that the global memory squeeze has further to run, giving investors another reason to watch Micron (NASDAQ:MU), SK hynix (NASDAQ:SKHY) and Samsung Electronics Co Ltd (KS:005930). Still…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishRising memory prices can squeeze Apple's margins and shape the outlook for memory chipmakers.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Apple CEO John Ternus described memory pricing as unprecedented on the earnings call.
  2. 02Apple forecast December quarter gross margin of 45% to 46%, down from 47.9% in September.
  3. 03Apple is one of the world's biggest buyers of memory for iPhones, Macs and iPads.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Micron Technology, Inc.MUStock—Stale quotePositive Apple Inc.AAPLStock—Stale quoteNegative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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