Investors were surprised to see memory chip stocks plummet after Google announced its new TurboQuant algorithm. However, experts don’t think this will change how much companies need hard drive storage.
The reason is that the turboquant algorithm helps Google’s search engine, not data storage. The demand for hard drives remains steady because it’s used in servers, computers, and other devices. This demand isn’t affected by Google’s new technology.
Source: https://seekingalpha.com/news/4570678-seagate-sandisk-wdc-provide-entry-points-after-turboquant-prompts-plunge-bernstein