Micron Stock Price Falls 4% as Google’s TurboQuant, SK Hynix Expansion Rattle AI Memory Trade
Micron Technology shares fell 4.2% to $366.23 in early New York trading Thursday, dropping below Wednesday’s close. The decline followed Google Research’s announcement that its TurboQuant tool can sharply reduce AI memory needs, raising concerns about future demand. Micron recently reported record results and plans to boost 2026 capital spending by $5 billion. Supply of key memory products remains tight, according to the company.