Samsung, which supplies one-third of global memory chips, warned that supply shortages driven by AI demand will likely persist until at least 2028.
The company reported record Q2 sales in its semiconductor unit, but profitability in its smartphone and TV divisions declined as higher component costs forced price increases for consumers.
Apple also reported slowing revenue growth projections of 9% to 11% for the upcoming quarter, while Nvidia is expected to raise consumer graphics card prices by 20% to 30%.