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SanDisk's Stock Drops as Google, Nanya Shake Up Memory Chip Market

Published 3 days, 6 hours ago
Description

SanDisks stock plummeted by nearly four percent on Wednesday due to Googles new AI memory compression technology and SanDisks own investment in rival chip firm Nanya Technology. Googles TurboQuant technique could reduce memory cache needs, potentially decreasing demand for high-capacity hardware. SanDisks investment in Nanya and supply deal aim to secure future sourcing amid shifting pressures in the memory chip market.

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