Elon Musk and Tim Cook Warn About Unprecedented Cost Increases in the U.S.
Tim Cook, CEO of Apple (AAPL), and Elon Musk have both warned about a significant surge in costs affecting their industries. Cook cited 'a hundred-year flood' in rising memory and storage chip prices leading to unavoidable product price increases for Apple devices. Musk echoed this sentiment on X, highlighting the impact of AI-driven inflation.