Micron's New SSD Technology Outpaces Competitors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy MU?
Source: stocktwits
- Technological Leadership: Micron's new 6600 ION SSD, utilizing G9 QLC NAND technology, is at least one generation ahead of any competing QLC SSD, significantly enhancing data center storage performance to meet the urgent demands of the AI industry for efficient storage solutions.
- Storage Efficiency Improvement: The 6600 ION SSD requires 82% fewer racks to achieve the same storage capacity as HDDs, which will substantially lower the total cost of ownership for data centers, particularly under power constraints affecting operations.
- Positive Market Reaction: Micron's shares soared over 13% on Tuesday morning after announcing the shipment of its 245TB SSD, reaching a new high of $651.74, reflecting strong market recognition and investor optimism regarding its new product offerings.
- Optimistic Industry Outlook: IDC forecasts that NAND Flash revenues will reach $174 billion by 2026, up nearly 139% from the previous year, indicating significant growth potential for Micron and other storage companies in the high-end storage market, driven by hyperscale data center demand.
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Analyst Views on MU
Wall Street analysts forecast MU stock price to fall
26 Analyst Rating
24 Buy
2 Hold
0 Sell
Strong Buy
Current: 666.590
Low
235.00
Averages
336.12
High
500.00
Current: 666.590
Low
235.00
Averages
336.12
High
500.00
About MU
Micron Technology, Inc. provides memory and storage solutions. The Company delivers a portfolio of high-performance dynamic random-access memory (DRAM), NAND, and NOR memory and storage products through its Micron and Crucial brands. The Company's products enable advancing in artificial intelligence (AI) and compute-intensive applications. Its segments include Cloud Memory Business Unit (CMBU), Core Data Center Business Unit (CDBU), Mobile and Client Business Unit (MCBU) and Automotive and Embedded Business Unit (AEBU). CMBU is focused on memory solutions for large hyperscale cloud customers, and high bandwidth memory (HBM) for all data center customers. CDBU is focused on memory solutions for mid-tier cloud, enterprise, and OEM data center customers and storage solutions for all data center customers. MCBU is focused on memory and storage solutions for mobile and client segments. AEBU is focused on memory and storage solutions for the automotive, industrial, and consumer segments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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