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Why Are Micron Technology Shares Sliding On Monday? - Micron Technology (NASDAQ:MU)

Despite a 5% drop amid fears Google's TurboQuant AI algorithm could cut memory demand by 83%, analysts maintain a bullish consensus price target of $466.75.

Summary by Benzinga
Micron Technology faces a six-session slide as Google's new AI compression algorithm, TurboQuant, sparks fears of reduced memory demand.

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As the cost of artificial intelligence (AI) skyrockets, Google has proposed an innovative technology called "TurboQuant." It could potentially bring lasting benefits by significantly increasing model efficiency by reducing AI memory usage.

·United States
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Bias Distribution

  • 67% of the sources are Center
67% Center

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Seeking Alpha broke the news in United States on Monday, March 30, 2026.
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