What's Going On With Micron Technology Stock On Tuesday?

Micron Technology, Inc. MU shares are trading lower today.

Today, the company disclosed the shipment of its ninth-generation (G9) TLC NAND SSDs, becoming the first in the industry to reach this milestone.

The G9 NAND boasts the highest transfer speed of 3.6 GB/s, providing higher bandwidth for data read and write operations. This new NAND delivers top-tier performance for AI and data-intensive applications, from personal devices to enterprise and cloud data centers.

Micron’s G9 NAND delivers 50% faster data transfer, 99% higher write bandwidth, and 88% better read bandwidth per die compared to competitors, boosting performance and energy efficiency in SSDs and embedded solutions.

Scott DeBoer, executive vice president of Technology and Products said, “Micron G9 NAND is up to 73% denser than competitive technologies in the market today, allowing for more compact and efficient storage solutions that benefit both consumers and businesses.”

Prasad Alluri, Micron’s vice president and general manager of Client Storage said, “Nearing theoretical saturation levels for PCIe Gen4, the Micron 2650 SSD uses our new G9 NAND to push the boundaries of what a value TLC client SSD can achieve,”

“Delivering uMicron’s higher PCMark 10 benchmark scores than competitive solutions, this drive is set to redefine the user experience for this class of SSD.”

Jeff Janukowicz, research vice president of IDC’s Solid State Drives and Enabling Technologies said, “AI advancements are increasing the data generated and driving the need for more storage, leading customers to require better performance to keep pace with AI.”

“SSDs like the Micron 2650, which benefit from the latest generation NAND innovations, will be essential to a broad range of users from businesses to individual consumers,” added Janukowicz.

Investors can gain exposure to the stock via REX FANG & Innovation Equity Premium Income ETF FEPI and Grizzle Growth ETF DARP.

MU Price Action: Micron Technology shares are down 3.75% at $103.79 at the last check Tuesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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