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Micron Technology Inc. (NASDAQ:MU) shares continued their downward trajectory Monday.
This follows a volatile week triggered by Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG). Google recently unveiled TurboQuant, an AI memory compression algorithm.
The tool cuts memory requirements by six times. This development rattled the consensus AI trade of 2026. Peers like SanDisk Corp. (NASDAQ:SNDK) and Western Digital Corp. (NASDAQ:WDC) also faced selling pressure.
Analysts Debate “Demand Destruction” vs. Efficiency
Analysts remain divided on the long-term impact. Wells Fargo analyst Andrew Rocha noted …
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