AI Boom Sends Hardware and Memory Sales Soaring

AI demand is supercharging hardware sales across the board. Dell stock surged 33% after an 88% revenue jump driven by AI server sales, while Micron and SK Hynix both crossed $1 trillion in market cap. NetApp and HP also benefited, and Snowflake's stock jumped 36% on strong earnings and a major AWS deal. On the AI model front, Anthropic raised $65 billion at a $965 billion valuation, surpassing OpenAI, and released Claude Opus 4.8. Pope Leo XIV's first encyclical raised AI risk concerns, while enterprises are beginning to grapple with soaring AI costs.