"The TurboQuant concern continues to weigh on sentiment across the memory space. Analysts defending the sector argue the risk is speculative and long-term. Their core argument: memory supply shortages are intensifying rather than easing, and customers are prepaying for large memory deals, a behavior that signals genuine forward demand conviction."
"The analyst consensus on Micron stock reflects that confidence. 38 analysts rate the stock a buy or strong buy, against just 2 sells and 3 holds. The average price target sits at $525, well above where shares trade today."
"Micron CEO Sanjay Mehrotra has been direct about the company's positioning, describing Micron as an essential AI enabler with order books stretching into 2027. That visibility is exactly what analysts point to when arguing the TurboQuant narrative is overblown near term."
Sandisk stock has fallen 18% over the past week, while Micron stock has also dropped 18%. Both companies reported strong earnings but face market skepticism. Concerns arise from Google's TurboQuant algorithm, which may reduce memory needs for AI workloads. Analysts argue that memory supply shortages are increasing, indicating strong future demand. The consensus among analysts remains bullish, with high buy ratings for both stocks. Micron's CEO emphasizes the company's role in AI, suggesting that current market fears may be overstated.
Read at 24/7 Wall St.
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