The worsening shortage in global memory chips due to the artificial intelligence buildout is driving a widening gulf in corporate results and stock performances.
Pop Mart International Group Ltd. reported slower sales growth for the first quarter, marking a deceleration from its rapid expansion last year amid waning momentum for its blockbuster Labubu toys.
Nintendo said the price of the Switch 2 in the U.S. will rise from $449.99 to $499.99. In Japan, Nintendo will hike the price from 49,980 yen to 59,980 yen.
Asha Sharma, the former Instacart and Meta executive who took over Xbox at Microsoft, said the unit doesn't spend enough time with developers and players.
