Shares in the technology sector were mixed, as AI concerns continue to weigh on the sector's big names.
Micron Technology soared after the memory chip maker reported strong earnings.
Apple raised the prices of its Macs and iPads a week after Chief Executive Tim Cook said the soaring costs of memory and storage chips would force the company's hand. Price tags for Mac computers rose roughly 15% to 20% and iPad prices rose 15% to 25%. iPhone prices were unchanged, though the company hinted at more increases in a statement.
Microsoft is increasing prices on Xbox consoles globally in response to the soaring costs of storage and memory technology. Prices will go up by $100 for 512-gigabyte Xbox models and $150 for 1-terabyte models, effective Aug. 1, Microsoft said Thursday. It said it will also sunset its 2-terabyte model.
IBM's research division announced that it had produced the world's first sub-1 nanometer chip technology, featuring a transistor architecture at the 0.7 nanometer node.
