Listen to the audio version of this article (generated by AI).
Every quarter, Wall Street looks closely at NVIDIA Corporation’s (NVDA) latest results for clues about where the artificial intelligence boom may be headed next.
And on the latest earnings call, the company revealed something that caught my attention.
Higher memory costs are reportedly forcing NVIDIA to raise prices to customers by nearly 15%. And the company’s sales outlook could have been even stronger if more memory were available.
And this may not be a short-term problem. Micron Technology, Inc. (MU) CEO Sanjay Mehrotra expects tight memory supplies to persist beyond 2027.
