Memory chipmakers drop after Google announces memory-saving algorithm

Shares of memory chipmakers drop in early trading, among the biggest laggards on the S&P 500 .SPX

Google Research in a blog post late on Tuesday announced TurboQuant, a compression algorithm that it says helps AI systems use much less memory without hurting performance

Sandisk SNDK.O slides 3.2% and Micron Technology MU.O drops 3.4%

Seagate Technology STX.O falls 1.6%, while Western Digital WDC.O loses 0.3%

Micron and Sandisk were among the top 10 most trending stocks on retail investor forum Stocktwits

Memory and data storage chipmakers surged in 2025 amid staggering demand for hard drives in the global race to scale AI-related infrastructure