Chip Selloff Deepens as Google's Memory Breakthrough Threatens AI Storage Demand

• Memory chip stocks plummeted after Google unveiled research on more efficient AI storage use.
• SK Hynix and Samsung Electronics dropped over 5%; Micron, Western Digital, Sandisk also slid.
• Google's TurboQuant technology could reduce memory needed for large language models by six times, cutting AI training costs.
• Analysts debate impact: some fear reduced demand, others foresee increased AI adoption due to lower costs (Jevons Paradox).
• Despite potential for lower prices, some experts believe extreme supply constraints mean little immediate impact on demand.