On March 30, according to Sina News, the prices of memory modules in the market have experienced a dramatic drop since last week, with the mainstream 16GB memory modules seeing a maximum daily decline of over 100 Yuan. Wholesalers generally report that this is due to large stockpilers selling off their inventory. The previous excessive price increases have led to a market sales decline of over 60% compared to before November last year, further intensifying the pressure to sell due to insufficient absorption capacity. Meanwhile, Google has released a new compression algorithm called 'TurboQuant,' which can reduce the memory usage of key-value caches during the operation of large language models by at least 60%, leading to a downward adjustment in market expectations for AI hardware demand. According to the Financial Times, as a result, the market value of U.S. memory chip stocks has evaporated by nearly $100 billion this week, with Micron Technology's stock price having dropped 15% since last Friday, resulting in a market value loss of over $70 billion.