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.

This morning, shares of two of the largest computer memory companies that trade on U.S. markets are up yet again. The stock prices of Micron Technology, Inc. (Nasdaq: MU) and Sandisk Corporation ...

Surging prices for memory chips have flipped the script on the semiconductor trade, rewarding pure-play storage makers while battering the very consumer brands that depend on them. Apple and the ...

A.I. companies are buying up memory chips, causing the prices of those components — which are also used in laptops and smartphones — to soar. Falcon Northwest, which specializes in assembling ...