Micron Shares Slip 9.9% to $321.80 Amid TurboQuant AI
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- Micron Technology shares fell 9.88% to $321.80 on Monday.
- Micron trading volume surged to 72.4 million shares, about double its three‑month average.
- S&P 500 slipped 0.39% to 6,344, while the Nasdaq fell 0.73% to 20,795.
- Sandisk shares dropped 7.04% to $572.50, and Western Digital shares fell 8.60% to $251.67.
- Google’s TurboQuant AI algorithm, which can compress memory needs up to six‑fold, sparked worries that it could curb future memory demand.
- Micron’s $25 billion+ capital‑spending plan and recent earnings are now under investor scrutiny as growth expectations are reset.
Why it matters: Investors in Micron face a sharp loss as the stock’s 9.9% slide erodes market value, while Google’s TurboQuant AI threatens the demand for memory chips that underpins Micron’s $25 billion capital plan. Competing memory makers Sandisk and Western Digital also see double‑digit declines, reflecting broader sector doubt.
