Woofun AI reports that Apple’s market capitalization declined by approximately $265 billion following announcements of price increases for MacBook and iPad devices due to rising memory costs. This move followed a 13% surge in Micron’s stock price after its earnings report exceeded expectations, with CEO Sumit Sadana citing past pricing pressures from Apple as a factor in the current memory shortage.

Analysts indicate Apple is lobbying for Chinese suppliers like Yangtze Memory Technologies (YMTC) to mitigate supply risks. YMTC is preparing for an IPO on the Shanghai Sci-Tech Innovation Board with a $500 billion valuation, currently serving clients such as Huawei and Alibaba Cloud while expanding production of HBM for AI applications.