MU Stock Soars To New All-Time High — A New Product Is Driving The Buzz

• Micron touted that its new SSD, built with its G9 QLC NAND technology, is at least one generation ahead of any competing QLC used in data center SSDs.
• The company also stated that the 6600 ION SSD requires 82% fewer racks to achieve the same raw storage capacity as hard disk drive (HDD)-based deployments.
• Micron’s Jeremy Werner added that this new SSD will help data center operators improve rack-level total cost of ownership, especially given the power constraints affecting the AI industry.

Shares of Micron Technology Inc. (MU) soared more than 13% on Tuesday morning after the company announced it had begun shipping its 245TB Solid State Drive (SSD) for data centers.

Micron stated that the new 6600 ION data center SSD is the world’s highest-capacity commercially available SSD.

MU Touts Its New SSD’s Capabilities

Micron touted that its new SSD, built with its G9 QLC NAND technology, is at least one generation ahead of any competing QLC used in data center SSDs.

The company also stated that the 6600 ION SSD requires 82% fewer racks to achieve the same raw storage capacity as hard disk drive (HDD)-based deployments.

“AI workloads are driving massive growth in shared data, continuing the shift of data center storage share from HDDs toward SSDs. With 245TB in a single SSD, the Micron 6600 ION makes solid state storage the clear choice for modern data centers," said Jeremy Werner, senior vice president and general manager of Micron's Core Data Center Business Unit.

Werner added that this new SSD will help data center operators improve rack-level total cost of ownership, especially given the power constraints affecting the AI industry.

MU Stock Hits New All-Time High

Micron shares reached a new all-time high of $651.74 on Tuesday before paring some of the gains to hover around $644. MU was the top trending ticker on Stocktwits at the time of writing.

Micron stated that its new SSD consumes only half the power of a comparable-capacity HDD, with a maximum power rating of 30 watts. The company added that for AI workloads, this SSD delivers up to 84 times better energy efficiency, 8.6 times faster AI preprocessing, 3.4 times higher ingest throughput, and up to 29 times lower latency.

IDC Lays Down The Bull Case For MU

Industry research firm IDC laid down the bull case for Micron and other storage companies in a recent note.

“Hyperscalers are buying a fundamentally different, more expensive class of memory and are willing to pay a premium to secure supply,” the firm stated. It added that NAND Flash revenues are forecast to reach $174 billion in 2026, up nearly 139% from the previous year.

IDC added that, unlike DRAM, the NAND market is seeing broader repricing. Enterprise SSD prices have surged as hyperscalers secure supply, which is tightening availability across consumer and OEM channels.

What Do Retail Traders Think Of MU?

Retail sentiment on Stocktwits around Micron Technology trended in the ‘extremely bullish’ territory with message volumes at ‘high’ levels.

One user thinks MU stock will continue to rise through its next earnings report.

MU stock is up 126% year-to-date and 702% over the past 12 months. The S&P 500 ETF Trust (SPY) is up 28% over the past 12 months, while the Invesco QQQ Trust (QQQ) is up 40%.

The iShares Semiconductor ETF (SOXX) is up 154% during this period, while the State Street Technology Select Sector SPDR ETF (XLK) is up 53%.

Also See: This Cloud Storage Stock Is Up 68% Today — What’s Fueling The Rally?

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