---
title: "Understanding the Market | Storage Concept Stocks Decline, GIGADEVICE Drops Over 5%, Google TurboQuant Raises Concerns About Storage Demand"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280571382.md"
description: "Storage concept stocks fell. As of the time of publication, GIGADEVICE dropped 5.3%, trading at HKD 386; Montage Technology fell 2.42%, trading at HKD 177.6; XL2CSOPHYNIX decreased by 12.72%, and Direxion Daily GOOGL Bull 2X Shares dropped 10.67%. On the news front, the overnight U.S. stock market saw weakness in the storage sector, with Micron Tech and Sandisk both falling over 3%. Today, on the Korean exchange, SK Hynix's stock price briefly dropped over 6%. Reports indicate that Google has launched a new memory compression technology called TurboQuant, which can compress key-value caches for large language models to 3 bits, achieving a 6-fold memory reduction and up to 8 times acceleration, raising market concerns about the outlook for storage demand. However, some analysts suggest that this is more likely just a short-term fluctuation rather than a disruptive threat"
datetime: "2026-03-26T05:49:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280571382.md)
  - [en](https://longbridge.com/en/news/280571382.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280571382.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/280571382.md) | [繁體中文](https://longbridge.com/zh-HK/news/280571382.md)


# Understanding the Market | Storage Concept Stocks Decline, GIGADEVICE Drops Over 5%, Google TurboQuant Raises Concerns About Storage Demand

According to Zhitong Finance APP, storage concept stocks have declined. As of the time of publication, GIGADEVICE (03986) fell by 5.3% to HKD 386; Montage Technology (06809) dropped by 2.42% to HKD 177.6; XL2CSOPHYNIX (07709) decreased by 12.72%, and Direxion Daily GOOGL Bull 2X Shares (07747) fell by 10.67%.

In terms of news, the overnight U.S. stock market saw weakness in the storage sector, with Micron Tech and Sandisk both dropping over 3%. Today, on the Korean exchange, SK Hynix's stock price once fell by over 6%. Reports indicate that Google has launched a new memory compression technology, TurboQuant, which can compress key-value caches of large language models to 3 bits, achieving a 6-fold memory reduction and up to 8 times acceleration, raising market concerns about the outlook for storage demand. However, some analysts have stated that this is more likely just a short-term fluctuation rather than a disruptive threat

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- [GIGADEVICE (603986.CN)](https://longbridge.com/en/quote/603986.CN.md)
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