GoPro warned it may not survive. The AI memory crunch is killing companies that make things people hold.
By Ana Maria Constantin GoPro warned on Monday that there is “substantial doubt about the company’s ability to continue as a going concern.” The action-camera maker reported a 26% revenue decline in Q1 and expects to breach several loan covenants. Shares fell as much as 14%. The cause is memory. GoPro said its earnings forecast has been “significantly impacted” […] This story continues at The Next Web
Source:: The Next Web
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