2Mon·

"Six times less memory": Google announcement causes chip shares to plummet

$GOOGL (+2.14%)
$GOOG (+2.21%)

Google has developed a new compression method for its AI applications that allegedly reduces the memory requirements of large language models by a sixth. As a result, investors are sending the share prices of memory chip manufacturers such as Samsung and Micron plummeting.



SK Hynix $000660

Samsung $samsung

Sandisk $SNDK (+2.04%)

Micron $MU (-6.95%)

Western Digital $WDC (-2.67%)


Do you see this as an opportunity to get in? Or is it too risky at the moment?



https://www.boerse-online.de/nachrichten/aktien/sechsmal-weniger-speicher-google-ankuendigung-laesst-chip-aktien-einbrechen-20398038.html

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3 Comments

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I also added $MU to my watchlist, but I want to wait until the chart shows some stability / new information emerges from the situation. It is a falling knife until then.
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There was a report earlier this week, see:
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