Dell Technologies raised the price of its XPS 14 laptops by up to 31%.

Certain configurations increased by up to $680. A company spokesperson confirmed the increases respond to rising component costs.

A global shortage of RAM and NAND flash memory, dubbed "RAMageddon," drives these hikes.

Surging demand from the artificial intelligence and data center sectors constrains supply for consumer electronics.

This shortage forced rivals Microsoft, Lenovo, and Acer to implement similar price increases.