Bloomberg Tech Memory Prices Hit Cisco, Apple Faces Siri Snags
9 snips
Feb 12, 2026 
Jason Wenk, CEO of Altruist and founder of Hazel, an AI tax-planning startup. Conversation covers rising memory chip prices hitting Cisco amid AI demand. Apple’s Siri revamp faces testing delays and feature timing shifts. Wenk explains Hazel’s productivity boost for financial advisors and how integrated data and infrastructure give it an edge.
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Memory Prices Are Hitting Margins
- Memory chip price spikes are compressing gross margins even as AI demand increases.
- Cisco faces ~200 basis points product margin erosion but could stabilize with software growth by 2027.
Be The Platform Not A Feature
- Focus on being the platform layer that AI agents must integrate with, not a replaceable feature.
- Prioritize building a layer where agents coalesce to preserve pricing power and market position.
Siri's AI Rollout Faces Delays
- Apple's Siri AI revamp faces testing setbacks that may push features from March to September.
- Delays risk Apple falling behind OpenAI, Anthropic and Google in conversational AI offerings.