GoPro warned it may not survive. The AI memory crunch is killing companies that make things people hold.
Summary
The Next Web reports GoPro is at risk of going concern due to a spike in memory prices driven by AI-driven demand. Memory prices rose 80-115%, GoPro revenue fell 26% in Q1, and the company may pursue a sale, a strategic pivot to defence/aerospace, and significant staff cuts; the memory shortage impacts many consumer electronics beyond GoPro.