FORTINET <FTNT.O>: BOFA GLOBAL RESEARCH RAISES PRICE OBJECTIVE TO $220.00 FROM $200.00

The UK’s July CPI is expected to rise by 2.9% year-on-year, marking the first acceleration in four months. In addition to a jump in energy bills due to the reset of Ofgem’s price cap, an AI-driven memory chip shortage is emerging as a new driver of inflation—Apple laptops, tablets, and Xbox consoles have all announced price increases.