Micron's stock is dropping. Is Google partly to blame?
Micron's stock has dropped due to Google's introduction of an algorithm that improves memory usage in AI models. The algorithm, called TurboQuant, reduces memory usage and increases speed, potentially affecting the demand for memory and impacting Micron's business.
Micron's stock fell 3.3% on Wednesday. Google introduced TurboQuant, an algorithm that reduces memory usage in AI models. This may impact Micron's business. TurboQuant increases speed and efficiency. Memory and storage makers have benefited from component shortages. Google's announcement may lead to lower prices. Other storage makers, such as Seagate and Western Digital, also saw their stocks fall.
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