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AI-driven demand for memory chips is causing a shortage and price hikes for standard memory used in smartphones, leading to a 10% drop in India's smartphone shipments in Q2, with the biggest impact on low-cost phones.
GoPro issued a going-concern warning after memory prices rose 80-115% due to AI data center demand for DRAM, leading to a 26% revenue decline and plans for a potential sale, defense pivot, and 23% staff cuts.