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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.

- Shares of memory and storage-related companies, including Micron Technology Inc and SanDisk Corp, are trading lower following Google's announcement of its TurboQuant algorithm.  
- The TurboQuant technology aims to optimize memory usage for large language models, significantly reducing key-value memory size by at least 6x while maintaining accuracy.  
- This advancement allows for enhanced efficiency in building and querying large vector indices, leading to an 8x performance increase in tests with certain open-source models.

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

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