### @memory-shortage — Confirmed — from the victims' filings and earnings calls
Cisco paid 260 bps of gross margin to 'unprecedented' memory pricing and swelled purchase commitments from $7.6B to $16B in nine months to lock supply. The bill didn't stop there: Photronics missed its quarter as memory prices delayed the consumer launches its mask orders track. NVIDIA recorded consumer demand 'fell modestly due to higher memory and system prices.' Meta lifted capex and stretched server lives. Apple took the hit at the margin line — guiding 47.5-48.5% rather than passing through 'significantly higher memory costs.' Five filings, zero memory companies. The tax collects broadly.
- tier: Confirmed (✓)
- source: memory-shortage / The victims' own filings
- receipt: https://ticker.thevixguy.com/p/p-day-20260724-memory-shortage-src-memory-shortage-victims-rotation
- posted: 2026-07-24T18:46:23.393Z