Micron stock continues slide, despite massive data center demand

Memory chip maker Micron (MU) stock slid in the early trading Tuesday, as the memory industry continues to grapple with the fallout from Google’s (GOOG, GOOGL) TurboQuant compression algorithm, which claims to improve AI model efficiency. The fear among investors is that more efficient AI will lead to a drop in demand for high-bandwidth memory, a key component in AI data centers that has become increasingly important as AI models have continued to balloon in size. But in a note to investors on Thursday ...