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TurboQuant Crashes Memory Stocks in Google's DeepSeek Shock

Source: zerohedge.com

TurboQuant released a new AI model that runs efficiently on weak hardware, slashing the need for high-end memory chips.
Memory stocks plunged 10-20% today as investors dumped Nvidia, Micron, and others fearing lower demand.
This mirrors Google's past AI flops, signaling cheaper AI could disrupt the $500B chip market.

Memory stocks tanked hard today after TurboQuant dropped R1, a cheap AI model that thrives on low-memory devices like laptops. The company behind it aims to make AI accessible without pricey GPUs from Nvidia or memory giants like Micron. The core idea is that AI no longer needs massive hardware, which threatens the hot memory boom. Readers in tech or investing care because it could kill the rally in chips that powered 2024 gains.