Shyon
03-27
From my perspective, the selloff in $Micron Technology(MU)$ $Seagate Technology PLC(STX)$ $Western Digital(WDC)$ $SanDisk Corp.(SNDK)$ looks more like a knee-jerk reaction. Google Research’s TurboQuant is impressive, but the market is oversimplifying it into “less memory = less demand,” which I don’t fully agree with.

The key point for me is that TurboQuant only compresses inference-side KV cache, not HBM used for training or model weights. Lower costs typically drive higher usage — meaning more queries, longer context, and larger models. That’s why I see $Alphabet(GOOGL)$ as the biggest winner here, not a signal of collapsing memory demand.

That said, Micron Technology faces extra pressure due to its aggressive capex. I still view this as a short-term digestion phase rather than a broken thesis, and I’d lean toward selectively buying the dip in stronger names.

@Tiger_comments @TigerStars @TigerClub

Micron -10%: Pressure from Google + OpenAI — Has Memory Thesis Changed?
Micron fell 9.88% today to $321.80, with a 12.4% intraday range and abnormally high volume of 73.83 million shares. This marks the sixth consecutive day of declines, with a total drawdown exceeding 23% from its mid-March peak. Google’s TurboQuant AI compression algorithm significantly improves inference efficiency, reducing per-unit compute demand for HBM and DRAM. OpenAI failed to follow through on its plan to purchase 40% of global memory supply and terminated a $71 billion procurement agreement with SK Hynix. Can Micron hold $320? Has memory investment thesis fundamentally changed?
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