Here’s Why AI Is Making Phones, Games And Computers Even More Expensive

Topline

A range of tech products—like the Nintendo Switch 2 to Samsung Galaxy phones—suddenly cost a lot more money, and the booming AI industry is largely to blame, as the surge in demand for memory chips for AI data centers has put a serious strain on the supply left for consumer products.

Key Facts

Nintendo is the latest gaming company to hike the price of its flagship console, warning frustrated consumers the price of the Switch 2 will rise $50 in the United States in September, which comes just weeks after major competitor Sony hiked the cost of its PlayStation consoles.

Nintendo’s price hike announcement vaguely cited “market conditions,”…

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