What Is the Jevons Paradox and What Does It Mean for Micron and Sandisk Investors After Google's Revolutionary AI Breakthrough?

What Is the Jevons Paradox and What Does It Mean for Micron and Sandisk Investors After Google's Revolutionary AI Breakthrough?

Key PointsGoogle's memory-compression algorithm caused Micron and Sandisk stocks to plunge.However, an obscure economics concept suggests it will increase demand for these companies' memory chips. If history is any indicator, this could be a buying opportunity.10 stocks we like better than Alphabet › Last week, Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) Google unveiled TurboQuant, an algorithm that marked a significant advancement in artificial i…