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AI Boom Drives Up Laptop Prices and Boosts NetApp Stock
The newsletter explains that computer prices, down 60% since 2007, rose 7.4% this summer due to AI‑driven memory and storage demand. HP cites rising component costs; Micron posted $54.2 B revenue. NetApp saw record $2 B revenue, 30% YoY growth, and a 47% jump in all‑flash storage sales. CEO George Kurian says AI’s challenge is data, not chips. NetApp’s stock broke its 2000 peak, climbing ~60% toward a $242 resistance, with a potential target of $390. Analysts note the stock may stall as memory cost pressures rise.