Price rises for goods such as laptops and smartphones, with cars potentially next, have been an unwelcome side-effect of the artificial intelligence gold rush - and the squeeze is far from over.

AI data center demand is fueling a multi-year chip shortage, pushing up component costs and retail device prices.

Prices for electronic devices reliant on advanced memory chips, from smartphones to gaming consoles, have risen as the AI data-center buildout tightens supply and drives component…