NSE:GUJGASLTD 11 March 2026

March 31, 2026, 5:28 PM EDT. Citi cut Micron Technology's stock price target to $425 from $510 after noting a 6% drop in DDR5 DRAM prices since March 18. The bank cited Google's TurboQuant compression method, unveiled March 24, as a pressure point on spot prices. TurboQuant reduces AI model memory needs via quantization, potentially boosting overall compute demand. Despite price weakness, Citi pointed to multiyear contracts with major hyperscale clients that could stabilize prices through base volumes and quarterly adjustments. Micron shares have declined nearly 19% since the TurboQuant announcement, reflecting investor concerns over shifting memory market dynamics amid emerging AI efficiencies.