Big tech companies have spent over a trillion dollars on artificial intelligence since 2023. This has caused a big problem for Apple, which is struggling to get the chips it needs. Apple's CEO, Tim Cook, says this is a big crisis. But Apple is still doing well, and its iPhone sales are up 22%. The company is also working on new products, like a foldable iPhone and smart glasses.
The competition for memory chips is very strong, and this is causing problems for Apple. The company has had to raise the price of its iPads and Macs. But Apple is not giving up. It is working hard to make new hardware and is spending a lot of money on research and development.
Other big tech companies, like Amazon, are also spending a lot of money on AI. Amazon's cash flow has turned negative because of this, but the company is confident that it will pay off in the end. The market is also watching the Bank of Japan, which has held its interest rates steady. But the yen is still weak, and the Japanese government is trying to prop it up.
