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Áp lực lạm phát tại Hoa Kỳ đã leo lên mức cao nhất trong khoảng hai năm rưỡi, cung cấp thêm “đạn dược” mới cho phe diều hâu của Cục Dự trữ Liên bang đúng vào thời điểm ngân hàng trung ương đang ổn định dưới sự lãnh đạo mới.
Dữ liệu công bố hôm thứ Năm bởi Bộ Thương mại Mỹ cho thấy chỉ số Chi tiêu tiêu dùng cá nhân (PCE) cốt lõi—loại trừ giá thực phẩm và năng lượng biến động—tăng 3,4% so với cùng kỳ năm trước. Theo cơ sở tháng, thước đo này nhích lên 0,3%. Con số theo năm này trùng khớp với mức mà các nhà kinh tế được Dow Jones khảo sát dự kiến, và đồng thời đánh dấu mức tăng mạnh nhất kể từ tháng 10/2023.

Micron's blowout earnings sent the stock soaring Thursday, but the bigger market signal showed up in Apple's share price.
Investors are rewarding Micron (MU) for a global memory squeeze that has shifted pricing power back to suppliers. Apple (AAPL), down more than 5% after raising prices on some Macs and iPads, is feeling the other side of that same squeeze.
The trigger was straightforward: Apple raised prices on select MacBooks and iPads amid the global memory crunch, with increases ranging from $100 to $300 on some devices. The move itself was largely expected, but the scale of the increases caught investors off guard. iPhone prices were left unchanged for now.
Micron's results showed why that cost pressure isn't fading anytime soon. The company beat Wall Street's estimates, posted record revenue, and delivered a record gross margin of 84.9% — a figure it expects to climb to roughly 86% this quarter. For a memory business historically defined by violent boom-and-bust cycles, margins like that signal customers are still paying up. That's a windfall for Micron, but a cost burden for everyone buying its chips.
The market reaction made the divide stark. Micron added more than $100 billion in market value Thursday, even after surrendering part of its early gains. Apple shed nearly $200 billion.
That tension landed in an already rough session for the biggest tech stocks. The Magnificent Seven slid about 2%, hitting a two-month low after a month in which megacap AI winners had already lost trillions of dollars in combined market value.
Micron's earnings didn't create Apple's problem — they made it harder to ignore. The price hikes suggest the cost side of the AI build-out is starting to move from corporate spreadsheets onto retail product pages.
Technically, Apple is now back below where its May breakout began, slipping into the upper end of its prior trading range. That puts the $275 to $280 zone back in focus — the line between a one-day price shock and a failed multi-week breakout.
For investors, that zone is the next test. A close above it would frame Thursday's selloff as a successful retest of old resistance turned support. A close below $275 would turn the May breakout into a bull trap, forcing a broader reassessment of how much of the AI hardware bill megacaps can continue to absorb.