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

Shares of memory and storage companies, including Micron Technology Inc (NASDAQ: MU) and SanDisk Corp (NASDAQ: SNDK), declined following Google's announcement of its new AI efficiency breakthrough, TurboQuant. This technology reportedly reduces key-value memory size by at least 6x without sacrificing accuracy, impacting the demand for data storage. At the time of publication, SanDisk shares were down 3.17% at $649.20, Micron Technology shares were down 3.46% at $381.86, and Western Digital shares fell 1.29% at $291.80.