WS #10693
Apple plans to skip M6 Pro/Max chips and jump to AI-focused M7 line, confirming margin pressure and AI-driven memory shortages behind price hikes, weighing on AAPL and broad tech. Micron's blowout earnings (stock up ~15-16%) with analyst price targets raised to $1500-$1550 reinforce AI demand thesis for memory chips, lifting MU and semiconductor sector.
Apple Chip Strategy Shift & Tech Selloff
Apple plans to skip M6 Pro/Max chips and jump to AI-focused M7 line, confirming margin pressure and AI-driven memory shortages behind price hikes, weighing on AAPL and broad tech.
Micron's blowout earnings (stock up ~15-16%) with analyst price targets raised to $1500-$1550 reinforce AI demand thesis for memory chips, lifting MU and semiconductor sector.