Dennis Dick discusses Apple (AAPL) coming under pressure after raising prices on key products, triggering its worst trading day in years as it offsets rising memory costs. He highlights a shift in leadership from megacap tech to memory names like Micron (MU) and Western Digital (WDC), alongside a growing divide between AI spenders and beneficiaries. Dennis also points to inflation risks tied to AI investment and continued weakness in Chinese stocks amid geopolitical concerns.