Memory Chip Stocks Shed $100B After Google TurboQuant Promises 6x LLM Memory Reduction

CNBC·high signal

Google's TurboQuant compression algorithm announcement triggered a $100B selloff across memory chip stocks. SK Hynix dropped 6%, Samsung fell 5%, Kioxia lost 6%, and Micron declined in US trading. TurboQuant claims to reduce LLM memory usage by 6x without sacrificing quality. Analysts called the selloff profit-taking on an already frothy sector rather than a fundamental demand shift, noting memory stocks had risen 200-300% over the prior year.