Monday edition. Apple has reportedly been testing memory chips from China's CXMT for iPhones and MacBooks -- a signal that AI data-center demand has pulled so much memory capacity into servers that it's now squeezing consumer electronics too. We trace the same pressure through SIA's chip numbers, grid moves in Texas and Virginia, Hot Chips hardware roadmaps, and why AI's constraints are becoming physical -- memory, power, and permitting -- rather than purely a model-capability story.