BlockBeats News, March 30, according to Sina News, starting last week, the market saw a cliff-like drop in memory prices, with the mainstream 16GB memory module experiencing a single-day maximum price drop of over 100 yuan. Wholesalers generally believe this was caused by concentrated sell-offs by large hoarders from the previous period. Due to the previous excessive price increase, market sales volume had declined by over 60% compared to before November last year, and the insufficient absorption capacity further intensified the selling pressure.
Meanwhile, Google released a new compression algorithm called "TurboQuant," which can reduce the key-value cache memory footprint during the runtime of large language models by at least 60%. The market subsequently revised down its expectations for AI hardware demand. According to the Financial Times, affected by this, the market value of US memory chip makers evaporated by nearly $100 billion this week, with Micron's stock price falling by a cumulative 15% since last Friday, wiping out over $70 billion in market value.
