Likely Short-Term ETF Winners & Losers Amid Google Breakthrough

Key Takeaways TurboQuant cuts AI memory needs, boosting sentiment for AI-focused ETFs. Memory-linked ETFs drop on fears of softer demand, despite solid outlook. Analysts see short-term profit-taking, not a structural hit to chip demand. Google’s new “TurboQuant” technology recently claimed that it can reduce memory usage for large language models by at least sixfold, which in turn could cut the overall cost of training artificial intelligence (AI), per Bloomberg, as quoted on Yahoo Finance.Since memory is a ...