Microsoft stock tumbles, Micron sparks memory chip rally, Qualcomm's data center venture - Yahoo Finance

On June 25, 2026, the U.S. tech stock market experienced notable volatility. Microsoft shares dropped to their lowest level in nearly three years, primarily due to memory chip shortages affecting its ... Read original →

Microsoft’s Xbox price hike—triggered by HBM shortages—exposes its supply chain fragility amid converging AI and consumer electronics demand. This strains TSMC’s CoWoS capacity and worsens the HBM3e deficit. Conversely, Micron’s AI-driven DRAM surge is pulling Western Digital and SanDisk toward enterprise SSDs, signaling a strategic pivot from consumer to data center storage. Qualcomm’s $15B data center bet aims to transplant its mobile SoC dominance, yet it lacks high-speed interconnect and thermal design expertise to challenge NVIDIA or AMD. Over the next 12–24 months, capex will concentrate on HBM, CXL memory pools, and chiplet integration. Meanwhile, export controls targeting equipment shipments—particularly involving Taiwan, China and Hong Kong, China—will inflate compliance costs for non-U.S. players, accelerating a global shift back toward integrated device manufacturing (IDM) models.