The rapid growth of artificial intelligence is driving unprecedented inflation in the U.S. technology sector, reversing a long-standing trend of declining prices. In May, prices for computer software and accessories increased by 14.5% year-on-year, while producer prices for electronic components soared by 27%, both reaching record highs. Analysts attribute this surge to heightened demand for chips and memory from AI data centers, marking a significant shift in the tech industry's economic landscape.
AI Demand Fuels Record Tech Inflation in U.S.
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