Memory Stocks Slide As Google's New AI Efficiency Breakthrough May Slash Data Storage Needs

benzinga_article
2026.03.25 18:58
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Memory stocks, including Micron Technology (MU) and SanDisk (SNDK), fell following Google's announcement of TurboQuant, an AI compression method that significantly reduces memory overhead for large language models (LLMs). TurboQuant can decrease key-value memory size by at least 6x while maintaining accuracy, leading to lower hardware demand. As a result, SanDisk shares dropped 3.17%, Western Digital fell 1.29%, and Micron decreased by 3.46% on Wednesday.