Google TurboQuant breakthrough rattles memory chip stocks

TL;DR

Google top India counsel quits in latest departure amid regulatory hurdles, sources say Google's latest research which claims to make AI models more efficient is putting pressure on memory stocks, with investors concerned the breakthrough could see a slowdown in chip demand. On Thursday, shares of the world's two biggest memory chipmakers, SK Hynix and Samsung, fell 6% and nearly 5%, respectively in South Korea. Japanese flash memory company Kioxia dropped nearly 6%.