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0.000504948693455718 0.00142933283688919 -0.00313987807774087 -0.00308380381972252 -0.00308380381972252 -0.00308380381972252 -0.00308380381972252 -0.00308380381972252
Stock impact report

Micron, SanDisk Stocks Tumble After Google Unveils AI Memory Compression Breakthrough [Yahoo! Finance]

Micron Technology, Inc. (MU) 
Last micron technology, inc. earnings: 3/25 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.micron.com
Company Research Source: Yahoo! Finance
Shares of memory chip makers fell Wednesday after Google unveiled a compression technology that could reduce memory requirements for artificial intelligence systems. SanDisk ( NASDAQ:SNDK ) dropped nearly 6%, Micron Technology ( NASDAQ:MU ) fell 3%, Western Digital ( NASDAQ:WDC ) declined about 5% and Seagate Technology ( NASDAQ:STX ) slid 4%. The broader Nasdaq 100 index rose. Google's TurboQuant algorithm compresses key-value cache, a component used in large language models, to three bits without retraining models. The company said tests showed a sixfold reduction in memory size and up to eight times faster performance on some hardware. Warning! GuruFocus has detected 7 Warning Sign with WDC. Is WDC fairly valued? Test your thesis with our free DCF calculator. Analysts offered mixed views on the potential impact. Wells Fargo said the technology could reduce memory demand if widely adopted but noted uncertainty remains. Lynx Equity Strategies said advanced compression is u Show less Read more
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