Ignore TurboQuant Panic and Keep Buying Seagate Technology Stock, JPMorgan Says
Memory chips and storage stocks have been booming lately, fueled by booming memory demand. However, this rally has cooled of late as Google’s introduction of its new AI memory compression “TurboQuant” sent DRAM and NAND stock prices tumbling. Even Seagate (STX), a hard drive maker, retreated as investors worried about memory demand. But JPMorgan tells…