A.I. companies are buying up memory chips, causing the prices of those components — which are also used in laptops and smartphones — to soar.

Micron, SK Hynix and Samsung Electronics — make up nearly the entire RAM market, and they're benefitting from this shortage.

Upgradable PC maker Framework says it’s been forced to raise prices for its desktop model, which it blames on the ongoing memory shortage. “ We held off on it for as long as we could, but we had to ...