逆市拉升！存储芯片，突发大消息！机构：上车机会

Core Viewpoint - Google's new algorithm, TurboQuant, significantly reduces memory usage, causing a sharp decline in storage chip stocks, but analysts suggest the market may have misinterpreted its implications [1][3][5]. Group 1: Market Reaction - On Thursday, major storage chip stocks experienced significant declines, with SanDisk dropping over 11%, Micron Technology nearly 7%, and SK Hynix over 6%, leading to a total market value loss exceeding $90 billion for major memory manufacturers [3][4]. - Conversely, on Friday, these stocks rebounded, with SanDisk rising over 2% and Micron Technology up 0.50%, despite the previous day's sell-off [1][3]. Group 2: Algorithm Impact - TurboQuant, developed by Google, utilizes two innovative techniques to compress key-value cache memory by at least six times while maintaining performance, achieving up to eight times performance improvement on H100 GPU accelerators [3][5]. - Analysts from Morgan Stanley argue that the algorithm primarily affects inference-stage key-value caches and does not impact high-bandwidth memory (HBM) used for model weights, suggesting that demand for DRAM and flash memory remains strong [2][5]. Group 3: Long-term Outlook - The long-term implications of TurboQuant may be positive for memory manufacturers, as reduced service costs could lead to increased adoption of AI technologies, despite short-term market volatility [6][7]. - The demand for server DRAM is projected to grow by 39% and HBM by 58% by 2026, indicating that the overall demand for memory may overshadow the effects of TurboQuant [7].