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You think groceries are expensive? Wait till you hear what's happening to the cost of the memory and storage chips inside that PC you were thinking of buying later this year.

According to a recent Gartner report, the combined cost of DRAM and SSDs will increase by 130% by the end of 2026. The culprit, of course, is the insatiable demand for memory and storage from cloud providers building AI-related applications, and chip makers won't be able to catch up with demand for another year or two at least.

Those soaring prices are already having an effect on the PC market, and the effect on Microsoft is especially severe.