Memory Crunch Deepens Chasm Between Stock Winners and Losers

The worsening shortage in global memory chips due to the artificial intelligence buildout is driving a widening gulf in corporate results and stock performances.

Shares of memory makers Micron Technology Inc. and Samsung Electronics Co. have surged to record highs on blockbuster results driven by buoyant product prices. Meanwhile, consumer products makers from HP Inc. to Nintendo Co. have been weighed down by profit pressures stemming from higher chip costs.