Google Memory Breakthrough Prompts Global Chipmaker Selloff – Bloomberg
Shares of computer memory and storage makers slumpedBloomberg Terminal after Google researchers touted a new compression technique that could reduce the amount of memory needed for artificial intelligence workloads.
SK Hynix Inc., a key maker of memory chips for artificial intelligence applications, fell as much as 6.4% on the Korea Exchange. Flash memory manufacturer Kioxia Holdings Corp. dropped by a similar measure in Tokyo. That followed losses by Micron Technology Inc. and Sandisk Corp. Wednesday in New York.
