Micron Rebounds 9% as Analysts Defend AI Memory Outlook

Overview

• Micron shares rose about 9% to roughly $370 after a one-week 14.55% slide tied to reports about Google’s TurboQuant.
• TurboQuant is described as a memory-compression method for large language models that can cut memory use by up to 83% for some tasks, which sparked worries about lower chip needs.
• Morgan Stanley reiterated an Overweight rating and said memory supply is the key bottleneck for AI projects, supporting a stronger case for memory makers.
• Micron reported Q2 NAND revenue of $5 billion, up 169% year over year, and its HBM4 chips are reported in mass production for NVIDIA’s Vera Rubin platform.
• Investors are weighing whether compression will shrink some current workloads or unlock new edge uses that create fresh orders, leaving the long-run demand impact uncertain.