A global shortage in memory chips sparked by artificial intelligence has dealt a “tsunami-like shock” to the smartphone industry, pushing prices to all-time highs, according to a new report.

Computer memory prices are soaring due to massive demand from AI data centers, impacting consumers and boosting Micron stock.

Pay any attention to the computer market these days and one thing becomes abundantly clear: RAM—or Random-Access Memory—has gotten pretty expensive. Memory prices have already surged approximately 90% ...

Memory and storage stocks are getting hit hard in early trading Tuesday, with the catalyst coming from halfway around the ...