Replies to post #16080 on Keeping It Simple

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Micron’s Results May Reveal an AI Winner Trading at a Discount

https://finance.yahoo.com/news/micron-results-may-reveal-ai-110613479.html

Ryan Vlastelica
Wed, Sep 25, 2024, 11:06 AM MDT5 min read

(Bloomberg) -- Micron Technology Inc. will probably become the latest chipmaker to assure investors that demand for AI-related gear is still strong. Like many peers, it may also admit that other staple areas of demand such as PCs and smartphones remain in the doldrums.

The company is due to report after market close, and analysts expect strong growth related to its high-bandwidth memory chips, used in artificial intelligence data processing. Positive commentary on AI demand could reinvigorate the AI chip trade, which stalled after mixed reports from Broadcom Inc. and Nvidia Corp.

Their forecasts disappointed demanding investors, similar to the reaction to Micron’s last update three months ago. Revenue growth exceeded 80%, but the outlook underwhelmed a market looking for a bigger boost from AI. After dropping nearly 40% from a June peak and underperforming other chipmakers this year, Micron’s shares now scan as potentially among the biggest bargains in the sector.

“Micron was a victim of high expectations last quarter, but the stock has come down quite a bit since then, which means it could be a beneficiary of low expectations by now,” said Christian Fromhertz, chief executive officer of Tribeca Trade Group. “It will have to say something positive to break above its overhead resistance, but it seems like people think it’s worth a shot at these levels.”

Fromhertz said a positive report could take the stock, which last closed at $94, past $100 again, possibly toward its 200-day moving average above $105. However, falling below recent support near $86 would be a bearish signal, he said.

Shares rose 1% on Wednesday.

There are signs of growing bullishness around Micron in the options market. The ratio of Micron put to call open interest is half of what it was a year ago. Near-term bullish positions, especially, dwarf bearish ones, with large holdings in $100 calls expiring two days after earnings, and even larger positions in $95 and $155 calls.

October-expiry options are the most bullish since late July, before volatility shocks early the following month hastened a rotation away from tech stocks.

Citigroup Inc. predicts Micron shares will remain weak until pricing trends for DRAM memory chips reverse, something it expects will happen within three to six months. While it has a buy rating — as do more than 90% of analysts overall — analyst Christopher Danely noted the weakness in near-term sentiment.

“Based on many conversations with investors this week, it appeared roughly 80% were bearish on Micron with every hedge fund we spoke with being bearish but a few mutual funds being bullish.”

The longer-term picture suggests room for optimism. Based on the average analyst price target, Micron is seen rising more than 50% over the coming 12 months, by far the highest projected return among chipmakers, according to data compiled by Bloomberg.

Furthermore, Micron trades around 10 times forward earnings, making it the cheapest component of the Philadelphia Stock Exchange Semiconductor Index by this metric. Nvidia, in contrast, trades at above 34. ARM Holdings Plc tops the scale at 81.

Sector Catalyst

Still, many investors remain skeptical. While AI is seen as a tailwind for growth, Micron’s other markets — including personal computers and smartphones, where it is a supplier to Apple Inc. — continue to recover from a slump last year. Broadcom’s results also showcased weakness in non-AI businesses. In addition, Micron has faced challenges in increasing production of its new memory chips.

BNP Paribas Exane recently downgraded the stock by two notches, to underperform from outperform, becoming the only firm tracked by Bloomberg to recommend selling the shares.

“While some investors correctly anticipate downside risk to near-term results, we think Micron will underperform AI peers through ’25,” wrote analyst Karl Ackerman, whose $67 price target is the lowest on Wall Street.

The key question is to what degree any headwinds confronting the company are already reflected in the valuation. Daniel Morgan, senior portfolio manager at Synovus Trust, is optimistic on this front, suggesting Micron’s results could be a sector-wide catalyst.

“The worst is behind it, and the AI theme creates the potential for outperformance over the next several quarters,” Morgan said. “If Micron can confirm there’s something tangible behind the excitement, that will lift the whole AI space. It’s something the market is thirsting for.”

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MU cpps 95.14

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MU Open Gap 90.97

Direction Date range
up Sept-23-2024 90.97 to 92.58

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Micron Shares Surge on Outlook, Defying Analyst Expectations. Is the Stock a Buy Now?
Geoffrey Seiler, The Motley Fool
Mon, Sep 30, 2024, 5:00 AM MDT5 min read

https://finance.yahoo.com/news/micron-shares-surge-outlook-defying-110000209.html

Shares of Micron Technology (NASDAQ: MU) soared after the company reported strong results and offered upbeat guidance. Ironically, more than half a dozen Wall Street analysts lowered their price targets in the weeks ahead of its earnings report, with many scrambling now to increase their targets following its results.

With the stock up over 25% on the year, let's look to see whether it is too late to buy Micron stock or if this could be just the beginning of its rally.

High-bandwidth memory a big opportunity
Like many other chipmakers, Micron is also seeing a boost from soaring demand for the artificial intelligence (AI) infrastructure buildout, as the company saw record data center revenue in its fiscal 2024.

One area of emerging growth is in its high-bandwidth memory (HBM) chips, which help reduce power consumption and improve performance in AI chipsets. Its newest HBM3E chip is used in Nvidia's (NASDAQ: NVDA) H200 processors and will be used with its new Blackwell chipsets as well.

The company said it saw "several hundred million dollars" in HBM revenue this past fiscal year and expects "multiple billions of dollars of revenue of HBM in fiscal year '25." It said the total addressable market (TAM) for HBM has gone from $4 billion in 2023 to more than $25 billion in 2025. It noted that its HBM production is sold out for both calendar 2024 and 2025.

Overall, for its fiscal third quarter, Micron saw its revenue surge 93% to $7.8 billion. Dynamic random-access memory (DRAM) revenue rose 93% to $5.3 billion, NAND revenue increased by 96% to $2.4 billion, and other revenue was $59 million, up 18%.

By segment, Compute and Networking revenue soared 152% to $3 billion, while Storage revenue jumped 127% to $1.7 billion. Mobile revenue climbed 55% to $1.9 billion, while Embedded revenue rose 36% to $1.2 billion. Adjusted earnings per share (EPS) came in a $1.18 compared to a loss of $1.07 a year ago. That was well ahead of the adjusted EPS of $1.11 that analysts were expecting.

Looking ahead, Micron guided for fiscal Q1 revenue to be between $8.5 billion and $8.9 billion, with gross margins between 38.5% and 40.5%. It is looking for adjusted EPS of between $1.66 and $1.82. Analysts were looking for adjusted EPS of $1.52 on revenue of $8.27 billion.

After spending $8.1 billion in capital expenditures (capex) in fiscal 2024, the company said it expects that amount to be significantly higher in fiscal 2025. Unlike many chipmakers today, Micron does much of its own chip manufacturing and is building new fabs (chip manufacturing facilities) in New York and Idaho. Its increased capex will also go toward investments in HBM chips.

Is it too late to buy Micron stock?
Micron is enjoying strong growth from the AI infrastructure buildout and sees huge potential in its HBM chips. However, it is worth noting that it is not the only HBM supplier. South Korea's SK Hynix is the main supplier of these chips to Nvidia. Samsung also makes HBM chips but has run into some technological issues with them.

It's also worth noting that while Micron is manufacturing its own chips, SK Hynix uses Taiwan Semiconductor Manufacturing, or TSMC for short, to produce its chips. Given that Nvidia likely needs as many HBM chips as possible and that Micron isn't taking up capacity at TSMC's fabs, it should remain a strong second-source supplier to Nvidia in this area.

From a valuation perspective, Micron's stock appears pretty cheap, trading at a forward price to earnings (P/E) multiple of just over 12 based on analyst estimates of $9.05 for the current fiscal year. It wouldn't be surprising to see those estimates increased in the coming days and weeks after its strong fiscal Q1 guidance.

However, a company like Micron will trade at a much lower multiple than chip companies like Nvidia or Arm Holdings as both DRAM and NAND memory tend to be very cyclical in nature. There is still some worry that DRAM inventory is too high in areas such as smartphones and PCs and that, eventually, this will cause prices to come down. Thus, how Micron performs over the next year could very much depend on how large of a hardware refresh cycle there is due to AI and whether it can soak up this supply to stabilize prices.

While the HBM opportunity is real and likely to continue growing, the worries about DRAM oversupply and pricing are also real. As such, I'd continue to hold the stock, but I wouldn't be rushing out to buy it after this jump. I would continue to monitor comments on DRAM pricing and supply.

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MU cpps 101

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MU Cpps at 107.47
96.18 gtc and 90.97
BSt 95

 CP:  250   150  100  100  /  300   -   100  100  100               
 NB:   50    50   50   50  /   50   50   50   50   50              
 T:  1000   250  250  250  / 1000  100  250  250  250 

MU

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Micron Introduces World’s Fastest, Most Energy Efficient 60TB SSD
The industry’s first E3.S 60TB SSD, the Micron ION 6550 delivers best-in-class energy efficiency at up to 67% more density per rack for exascale data centers
November 12, 2024 07:12 ET
Source: Micron Technology, Inc.

BOISE, Idaho, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), today announced it has begun qualification of the 6550 ION NVMe™ SSD with customers. The Micron 6550 ION is the world’s fastest 60TB data center SSD and the industry’s first E3.S and PCIe Gen5 60TB SSD.1 It follows the success of the award-winning 6500 ION and is engineered to provide best-in-class performance, energy efficiency, endurance, security, and rack density for exascale data center deployments. The 6550 ION excels in high-capacity NVMe workloads such as networked AI data lakes, ingest, data preparation and checkpointing, file and object storage, public cloud storage, analytic databases, and content delivery.

“The Micron 6550 ION achieves a remarkable 12GB/s while using just 20 watts of power, setting a new standard in data center performance and energy efficiency,” said Alvaro Toledo, vice president and general manager of Micron’s Data Center Storage Group. “Featuring a first-to-market 60TB capacity in an E3.S form factor and up to 20% better energy efficiency than competitive drives, the Micron 6550 ION is a game-changer for high-capacity storage solutions to address the insatiable capacity and power demands of AI workloads.”

Delivers unmatched performance and energy efficiency
The Micron 6550 ION is the industry’s first PCIe Gen5 60TB data center SSD and offers class-leading read and write bandwidth.1 The drive is also the world’s first 60TB SSD with OCP 2.5 support, introducing the active state power management (ASPM). This new feature allows the drive to idle at 4 watts in the L1 state versus 5 watts in the L0 state, improving energy efficiency up to 20% when idling. Additional power benefits come from the drive’s industry-leading and energy-efficient G8 NAND, which is one to three NAND generations ahead of competing 60TB SSDs,2 enabling the drive to achieve its published performance numbers using just 20 watts. Compared to competing 60TB drives, it delivers up to:

179% faster sequential reads and 179% higher read bandwidth per watt3
150% faster sequential writes and 213% higher write bandwidth per watt3
80% faster random reads and 99% higher read IOPS per watt3
The 6550 ION also excels in critical AI training workloads compared to competitive 60TB SSDs, achieving:

147% higher performance for NVIDIA® Magnum IO™ GPUDirect® Storage (GDS) and 104% better energy efficiency4
30% higher 4KB transfer performance for deep learning IO Unet3D testing and 20% better energy efficiency5
151% improvement in completion times for AI model checkpointing while competitors consume 209% more energy6
Even with an impressive 61.44TB capacity, the drive can be fully written in just 3.4 hours, while competing drives take up to 150% longer to fill.7 This allows for faster drive rebuilds and AI training set preparation – improving deployment times, increasing GPU utilization, and enhancing storage resiliency in high capacity NVMe SSDs.

Reduces footprint driving data center efficiency
The Micron 6550 ION is available in E3.S, U.2, and E1.L form factors. As the world’s first E3.S 60TB SSD, the 6550 offers best-in-class density, reducing rack storage needs by up to 67%.8 It provides industry-leading space efficiency to store over 1.2 petabytes per rack unit (U).9 Using a 1U high-density server, such as the HPE ProLiant DL360 Gen11 that can accommodate 20 E3.S drives per rack unit, operators can load servers in a single rack with 44.2 petabytes.10 This solution is 67% denser than 2U servers that often house a maximum of 24 U.2 drives, yielding only 26.5 petabytes per rack.10 The 6550 61.44TB E3.S SSD, when compared to 122.88TB U.2 drives, delivers up to 3.3x the performance per terabyte.11 This improvement allows for significant server consolidation to optimize data center space and efficiency.

Increases drive endurance and bolsters security
The drive delivers best-in-class 60TB SSD endurance with 1.0 random drive writes per day (RDWPD) for 16KB random writes, providing up to 42% more endurance than competing 60TB SSDs.1 Additionally, the 6550 ION offers an industry-leading security feature set, including SPDM 1.2 for attestation and SHA-512 for secure signature generation. It is TAA-compliant and FIPS 140-3 L2 certifiable delivering government required levels of security.12 The Micron 6550 ION is manufactured at multiple sites for supply chain resilience and is built with a vertically integrated architecture, including Micron DRAM, NAND, controller, and firmware.

Industry quotes:
“The introduction of the Micron 6550 ION SSD is a groundbreaking advancement for data-intensive and emerging AI applications. Such innovations in storage technologies enable dense and energy-efficient solutions that evolve our customer’s infrastructure capabilities,” said Raghu Nambiar, corporate vice president, Data Center Ecosystems and Solutions at AMD. “We are excited to collaborate with Micron in enabling the ecosystem with the latest 5th Gen AMD EPYC processor-based platforms.”

“The VAST Data Platform is a unified data platform that seamlessly combines storage, databases, and compute into a single software solution, empowering customers with the capabilities needed to drive their transition to advanced computing and AI,” said Tomer Hagay, head of product at VAST Data. “By incorporating VAST’s data platform software with the Micron 6550 ION SSD, customers can achieve high capacity, high performance, and energy efficiency to meet the rigorous demands of modern AI workloads.”

“WEKA customers are achieving excellent results from their WEKA Data Platform and Micron 6500 ION deployments today. We expect the new Micron 6550 ION SSD will extend this value with enhanced performance density and energy efficiency benefits for enterprise AI environments,” said Nilesh Patel, chief product officer at WEKA. “With its impressive 61.44TB capacity, the Micron 6550 ION will enable our mutual customers to implement rack-dense AI infrastructure solutions without sacrificing performance.”

The Micron 6550 ION is now available for sampling globally and is part of Micron’s industry-leading data center SSD portfolio. To learn more about the many other industry-leading features of the Micron 6550 ION SSD, visit: www.micron.com/6550ION.

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MU cpps 102.72

The sport of the slow build ;)

50d 100.69 (100.61 gap as well there)
Fin - on it

96.18 gap
90.97 gap

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Micron Technology 12/18 A

BOISE, Idaho, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) announced today that it will hold its fiscal first quarter earnings conference call on Wednesday, Dec. 18, 2024, at 2:30 p.m. Mountain time.

The call will be webcast live at http://investors.micron.com/. Webcast replays of presentations can be accessed from Micron’s Investor Relations website for approximately one year after the call.

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Micron Technology, Inc. (NASDAQ:MU)
Forward P/E Ratio: 10.97

Earnings Growth This Year: 586.63%

Number of Hedge Fund Holders: 107

Micron Technology, Inc. (NASDAQ:MU) specializes in storage solutions for various technology applications and has a robust portfolio of Dynamic Random-Access Memory (DRAM), NAND Flash Memory, and NOR Flash Memory, . It is one of the best affordable stocks to buy right now.

Despite a huge market capitalization of $111.23 billion, it might not be the biggest player in the storage solution industry, however the company exercises its competitive edge by manufacturing chips that are denser than its competitors. Considering the high demand for its products within the AI and Data Center industry, management has shifted its focus on enhancing its product portfolio. For instance, on November 12, Micron Technology, Inc. (NASDAQ:MU) released one of its fastest and most efficient 60TB SSDs. The drive is designed to endure heavy workloads, making it compatible with Data Center and AI applications.

The most recent quarter, Q4 of fiscal 2024, was driven by a robust demand for its DRAM in the AI market. The company generated $7.75 billion in revenue, up 93% year-over-year. Moving forward, management anticipates continued demand from data centers and the artificial intelligence industry.

Alger Mid Cap Focus Fund stated the following regarding Micron Technology, Inc. (NASDAQ:MU) in its Q3 2024 investor letter:

“Micron Technology, Inc. (NASDAQ:MU) is a leading provider of innovative memory and storage solutions supporting key trends like AI, 5G, machine learning, and autonomous vehicles. Micron’s portfolio includes high-bandwidth memory (HBM), which is critical for efficient AI workloads, along with storage solutions like DRAM, NAND, and NOR. These are sold in various forms such as wafers, components, modules, SSDs (solid-state drives), and MCPs (multi-chip packages). We believe the company is well-positioned to potentially benefit from secular trends in AI, data centers, cloud computing, and 5G markets. In July, shares detracted from performance after management lowered expectations due to the slower-than-expected pace of clearing excess inventory. Weak demand in markets like PCs and smartphones led to lower shipment forecasts for the next fiscal quarter. However, towards the end of the quarter, Micron reported better-than-expected fiscal fourth-quarter results, driven by strong data center demand and continued growth in AI-leveraged HBM sales. Although the share price rose after the announcement, shares were still down overall for the quarter.”

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MU 103.20 gap

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MU cpps 85.62



gap 2/21/24 81.50

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Should You Buy the Dip in Micron Stock Right Now?
Adam Spatacco, The Motley Fool
https://finance.yahoo.com/news/buy-dip-micron-stock-now-124500672.html

Fri, Jan 3, 2025, 5:45 AM MST4 min read

On Dec. 18, semiconductor company Micron Technology (NASDAQ: MU) reported earnings for its first quarter of fiscal 2025 (ended Nov. 28) -- and by all accounts, the report looked rock solid.

Micron's top line soared 85% year over year, driven in large part by a blossoming data center business that's no doubt benefiting from the artificial intelligence (AI) revolution. More importantly, the company's profit margins are widening in tandem with accelerating revenue. Micron's first-quarter net income of $1.9 billion is a massive improvement over the company's loss of $1.2 billion during the same period in 2023.

Nevertheless, since Micron's earnings report in mid-December, shares have cratered by 18% and the current share price of $85 is dangerously close to a 52-week low. What's going on here?

Below, I'll outline what drove the sell-off in Micron stock and make a case for why I think now is a perfect opportunity to buy the dip in this unique semiconductor opportunity.

What caused Micron shares to sell off?
During an earnings call, companies will sometimes issue financial guidance to provide investors and analysts with a loose gauge of what to expect in the upcoming quarter.

In its Q1 report, Micron issued guidance for revenue of $7.9 billion (plus or minus $200 million) and earnings per share (EPS) of $1.23 (plus or minus $0.10). The high end of Micron's near-term revenue forecast implies a top-line figure of $8.1 billion. This was perceived as abysmal by the investment community, as it pales in comparison to Wall Street's expectations of $8.9 billion.

Furthermore, the company's EPS guidance of $1.23 is materially lower than the consensus estimate among analysts, which sits at $1.97. Given the weaker-than-expected forecast, it's not surprising to see investors souring on Micron stock.

Despite an uninspiring near-term forecast, the long-term thesis remains intact
While Micron's guidance might appear uninspiring, it's important for investors to zoom out and consider the bigger picture. Should Micron achieve its target guidance of $7.9 billion in sales during Q2, this would imply a growth rate of 36% year over year. Furthermore, the EPS forecast of $1.23 implies year-over-year growth of 73%.

When you consider those figures, it's hard to discount a business that is growing revenue by mid-30 percentage points and accelerating its earnings power by nearly double that rate.

In addition to the financials above, it's important for investors to understand Micron's position in the chip realm. Micron develops storage and memory chips. Industry research suggests that trillions of dollars are expected to be invested in AI capital expenditures (capex) over the coming years. In theory, this subtly implies that training and inferencing workloads for generative AI development are expected to become more sophisticated -- thereby underscoring the need for enhanced chip ware.

As new GPUs from Nvidia, Advanced Micro Devices, Amazon, Alphabet, Microsoft, and Meta Platforms come to market, Micron sits in a lucrative position to seize on the opportunity for rising demand for storage and memory chips. To me, the long-term thesis surrounding Micron remains as compelling as ever.

Micron's valuation makes it a tempting buy
While each of the companies in the peer set below plays a different role in the semiconductor landscape, the trends in the graph make one thing abundantly obvious: Investors are discounting Micron's potential relative to other opportunities in the chip space.


Micron's forward price-to-earnings (P/E) multiple of 12 is hovering around its lowest levels in a year and pales in comparison to any of the company's peers. I think the sell-off in Micron stock is unwarranted and I see the company's discount among leading semiconductor stocks as an opportunity to scoop up shares and prepare to hold for the long run.

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Three Reasons to Avoid MU and One Stock to Buy Instead
Radek Strnad
Thu, January 2, 2025 at 2:05 AM MST 3 min read


https://finance.yahoo.com/news/three-reasons-avoid-mu-one-090516097.html


What a brutal six months it’s been for Micron. The stock has dropped 36.1% and now trades at $84.79, rattling many shareholders. This may have investors wondering how to approach the situation.

Is there a buying opportunity in Micron, or does it present a risk to your portfolio?

Despite the more favorable entry price, we're swiping left on Micron for now. Here are three reasons why we avoid MU and a stock we'd rather own.

Why Is Micron Not Exciting?
Founded in the basement of a Boise, Idaho dental office in 1978, Micron (NYSE:MU) is a leading provider of memory chips used in thousands of devices across mobile, data centers, industrial, consumer, and automotive markets.

1. Long-Term Revenue Growth Disappoints
Reviewing a company’s long-term sales performance reveals insights into its quality. Any business can have short-term success, but a top-tier one grows for years. Over the last five years, Micron grew its sales at a mediocre 7.1% compounded annual growth rate. This was below our standard for the semiconductor sector. Semiconductors are a cyclical industry, and long-term investors should be prepared for periods of high growth followed by periods of revenue contractions.

2. Low Gross Margin Reveals Weak Structural Profitability
Gross profit margin is a key metric to track because it shows how much money a semiconductor company gets to keep after paying for its raw materials, manufacturing, and other input costs.

Micron’s gross margin is one of the worst in the semiconductor industry, signaling it operates in a competitive market and lacks pricing power. As you can see below, it averaged a 14.7% gross margin over the last two years. Said differently, Micron had to pay a chunky $85.31 to its suppliers for every $100 in revenue.

3. Cash Burn Ignites Concerns
Free cash flow isn't a prominently featured metric in company financials and earnings releases, but we think it's telling because it accounts for all operating and capital expenses, making it tough to manipulate. Cash is king.

While Micron’s free cash flow broke even this quarter, the broader story hasn’t been so clean. Micron’s demanding reinvestments have drained its resources over the last two years, putting it in a pinch and limiting its ability to return capital to investors. Its free cash flow margin averaged negative 9.8%, meaning it lit $9.83 of cash on fire for every $100 in revenue.

Final Judgment
Micron isn’t a terrible business, but it doesn’t pass our bar. Following the recent decline, the stock trades at 8.2× forward price-to-earnings (or $84.79 per share). While this valuation is optically cheap, the potential downside is big given its shaky fundamentals. We're fairly confident there are better investments elsewhere. We’d suggest looking at Wabtec, a leading provider of locomotive services benefiting from an upgrade cycle.

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MU cpps 88.48

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5 Top Stocks to Buy in January

https://finance.yahoo.com/news/5-top-stocks-buy-january-114500102.html

Micron's $50 billion investment is building America's tech future
Anders Bylund (Micron Technology): I love companies with a long-term vision. Micron Technology is a great example.

The memory chip maker isn't planning ahead for the next quarter or even the next year. Micron is building an America-centered manufacturing network for the long haul, expecting to invest $50 billion in new and upgraded facilities by 2030.

The company is building an American tech titan for the ages, and having this crucial hardware provider available should grow more important in the coming years. Micron's world-class memory chips are often seen in the latest AI accelerators from Nvidia and Advanced Micro Devices, for example. Apple sources the iPhone's memory chips from various leading suppliers, but Micron is among them and is reportedly in talks to secure a larger iPhone contract in 2026.

Micron's long-term business prospects are downright incredible. At the same time, the company is returning from a multiyear downturn, which started with coronavirus-based materials and engineering talent shortages in 2020. Trailing-12-month revenue has nearly doubled since the summer of 2023, and Micron's free cash flows are back above the breakeven line again -- despite the company's expensive factory-building efforts:

But Wall Street isn't paying attention to Micron's shareholder-friendly business trends. The stock soared and then plunged in 2024, adding up to a full-year price drop of 1.4%. That includes a 14% plunge in December. Micron's shares are trading at the bargain-bin valuation of 3.3 times sales or 7.6 times forward earnings as of Jan. 2.

It's a deal, it's a steal, it's a deep-discount sale you don't want to miss in January 2025.

_________________________________

Sales per Share $25.75

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MU cpps 103.79

Gaps 97.41, 90.19

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Micron Dips 2.2% After CFO's Margin Warning--Is This the Bottom for the Chipmaker?

Khac Phu Nguyen
Wed, February 12, 2025 at 10:36 AM MST

https://finance.yahoo.com/news/micron-dips-2-2-cfos-173608274.html

Micron Technology (NASDAQ:MU) shares tumbled by 2.2% as of 12.09pm on Wednesday after CFO Mark Murphy reaffirmed the company's second-quarter outlook but warned of margin pressures ahead. Speaking at the Wolfe Research Auto, Auto Tech, and Semiconductor Conference, Murphy stated there would be no changes to the previously issued guidance, which forecasts adjusted earnings between $1.33 and $1.53 per share. However, he cautioned that third-quarter gross margins are expected to decline by several hundred basis points due to a shift in the company's customer mix and broader industry challenges.

Micron's gross margin midpoint for the February quarter stands at 38.5%, already a slight dip from the prior quarter's 39.5%. Murphy noted that while consumer demand has exceeded expectations, it has been concentrated in lower-margin segments, putting additional pressure on overall profitability. Additionally, the company flagged ongoing "underutilization" in NAND production, though supply corrections are underway.

Despite the near-term headwinds, Micron believes the May quarter could mark the bottom for margins, with industry conditions improving beyond that point. Murphy pointed to strengthening data center demand, better smartphone inventory levels, and ongoing reductions in NAND supply as factors that should gradually support pricing and profitability. While the company refrained from providing a longer-term forecast, investors will be watching closely to see if these tailwinds materialize in the latter half of the year.

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MU balanced
Repo completed 2/18/25 / update prints
TRK Gap
up Feb-14-2025 96.07 to 98

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MU cpps 95.22

91.10 gap

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MU earnings 3-20 A

After earnings trk to
rb and rb quants from cp's w/rgs from lows sets :(89-90's)
and rebuild for LT

700/650/150/200//700/300/225/150/300

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MU 91.10 gap

Open Gaps
Direction Date range
up Mar-12-2025 91.1 to 92.24

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Microchip companies set to receive US grant money under the Biden administration are stuck in limbo after the Trump administration warned it could withhold funds unless the companies expand US operations, Bloomberg reported Tuesday, citing people familiar with the matter.

Commerce Secretary Howard Lutnick is demanding that firms such as Taiwan Semiconductor Manufacturing (TSM), Intel (INTC), Micron Technology (MU), GlobalFoundries (GFS), and Texas Instruments (TXN) that won awards from the 2022 Chips and Science Act invest more in the US.

The report said Lutnick hopes to pressure semiconductor companies into investing more in the US without increasing federal grants.

Taiwan Semiconductor Manufacturing (TSM) recently disclosed plans to invest $100 billion in US plants in addition to previous commitments.

The Commerce Department and the companies did not immediately reply to MT Newswires' request for commerce.

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MU Cpps 65.74

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Exclusive: Micron to impose tariff-related surcharge on some products from April 9, sources say
https://finance.yahoo.com/news/exclusive-micron-impose-tariff-related-120855426.html
Reuters
Tue, April 8, 2025 at 6:08 AM MDT 2 min read

SHANGHAI/TAIPEI (Reuters) - U.S. memory chipmaker Micron Technology (MU) has told U.S. customers it plans to impose a surcharge on some products from Wednesday to account for U.S. President Donald Trump's new tariffs, four sources familiar with the matter said.

Micron's overseas manufacturing sites are largely based in Asia, including China, Taiwan, Japan, Malaysia and Singapore.

The company notified its customers in a letter that while Trump's announcement last week exempted semiconductors, which account for part of Micron's portfolio, the tariffs applied to memory modules and solid-state drives (SSDs), the sources said.

Those products, used to store data in various products from cars to laptops and data center servers, would now be subject to a surcharge, they said.

Micron did not immediately respond to a request for comment.

The notice to customers echoes comments the company made on March 21 on a post-earnings call, when its executives said it intended to pass along costs to customers in areas where tariffs had an impact.

It also comes shortly after Micron in late March notified customers of price rises due to an increase in "un-forecasted demand" for its products.

Trump's announcement last week jolted economies around the world, triggering retaliatory levies from China and sparking fears of a global trade war and recession.

It has also forced companies globally to assess whether they should absorb the tariffs or shift them on to customers.

U.S. customs agents began collecting Trump's unilateral 10% tariff on all imports from many countries on Saturday. Higher "reciprocal" tariff rates of 11% to 50% on individual countries are due to take effect on Wednesday at 12:01 a.m. EDT (0401 GMT).

An executive at an Asian NAND module manufacturer said they were taking a similar approach to Micron to tell U.S. customers they had to figure out the tariffs themselves.

"If they don't want to bear the taxes, we cannot ship the products. We cannot be held accountable for the decisions made by your government," the person said, declining to be named as they were not permitted to speak to the media.

"With this kind of tax rate, no company can generously say, 'I'll take on the burden'."

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MU Gap 50.96

January 3, 2023

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MU 76.15

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1 Simple Reason to Buy Micron Stock Right Now
By Jeremy Bowman, The Motley Fool | April 11, 2025, 9:15 AM

https://finviz.com/news/22212/1-simple-reason-to-buy-micron-stock-right-now

Micron Technology Inc
The stock market drop following U.S. President Donald Trump's tariff announcement last week has affected nearly every industry. Even those that aren't directly in the line of fire are still vulnerable to the broader economic fallout, as the intensifying trade war has the potential to plunge the global economy into a recession.

Shares of semiconductor stocks, for example, have plunged as investors seem to fear that the high-flying sector is exposed to both cyclical risk and the effects of tariffs. While "bare die" semiconductors (unpackaged chips that are not inside a product) are excluded from tariffs, electronics and other products containing these chips are not exempt.

After Trump announced the "Liberation Day" tariffs, the Van Eck Semiconductor ETF fell as much as 16%, a steeper drop than the Nasdaq Composite. It's been a quick reversal of fortune for a sector that had soared through 2023 and 2024 on a boom in AI demand fueled by the launch of ChatGPT.

With semiconductor stocks down sharply over the past week, there are a number of attractive discounts. One of the most appealing is Micron Technology (NASDAQ: MU), the integrated maker of memory chips..

Where Micron stands today
Leading up to the tariff-fueled sell-off, Micron had reported impressive growth numbers, especially in the AI-driven data center segment. In the fiscal second quarter, which ended Feb. 27, the company reported overall growth of 38% to $8.05 billion. It noted strong AI demand, driving record data center dynamic random-access memory (DRAM) revenue.

The percentage of its revenue that came from data center and networking jumped from 25% to 55%, indicating it more than doubled over the last year. Its profits are soaring as well, with adjusted earnings per share up from $0.42 to $1.79.

Additionally, Micron has an advantage over its semiconductor peers, many of which use a fabless model and don't produce their own chips. Micron has manufacturing facilities in the U.S., making it the only domestic producer of memory chips. Micron is set to receive more than $6 billion from the federal government from the CHIPS Act, and it should be favored as part of the Trump administration's push to reshore manufacturing. In fact, it's building the biggest chip fab in U.S. history right now.

Micron also produces chips in Asia, and its leading-edge chips are made in Japan and Taiwan. Nonetheless, its position as a domestic manufacturer gives it a leg up at a time of upheaval in trade relations.

The case for Micron
Micron stock has fallen sharply since the tariffs were announced, and its closing price of $65.54 is within range of where the company traded throughout fiscal 2023, before the effects of the AI boom hit. At that time, the business was suffering from a slowdown in smartphone and PC demand due to the end of the pandemic restrictions and a glut in memory chips.

In fiscal 2023, its revenue fell by roughly half to $15.54 billion, and it reported an adjusted loss of $4.86 billion, or $4.45 per share. In contrast, the business is much healthier today and benefiting from strong tailwinds in AI, which has made Nvidia Micron's biggest customer.

Based on its trailing earnings, Micron now trades at a price-to-earnings ratio of 13, making the stock look like a bargain, especially if its momentum keeps up. The market seems to be pricing in a big effect on the chip sector, and it would certainly get hit in a global recession, but at the current price, Micron looks too cheap to ignore. The company is in a much stronger position than it was two years ago as it capitalizes on the AI boom, even though its stock price is the same.

That looks like a mistake. While the stock is likely to be volatile as the effects of the tariffs play out, Micron is well-positioned to be a long-term winner from here, given the AI demand, recent growth in the business, and the low share price. Patience with the stock should pay off.

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Micron Tumbles on Tariff Threat: Risk/Reward Outlook Improves
By Thomas Hughes | April 11, 2025, 7:52 AM
https://finviz.com/news/22149/micron-tumbles-on-tariff-threat-riskreward-outlook-improves
Micron semiconductors
Micron (NASDAQ: MU) is among the most tariff-exposed semiconductor stocks on the market. While its microchips are exempt from Trump’s tariffs, its business includes memory modules and SSD equipment that are not. The company’s response is to pass along the cost to its clients, which could curb demand drastically, but there is a silver lining.

Demand for memory is only improving and will underpin the business regardless of tariffs. The need for computing and memory to support AI training and inference is already enormous. It will grow exponentially with the next generation and exponentially again after that, and Micron is a leader in AI memory.

Micron did not invent HBM technology but is a leader in perfecting it. Due to its capacity and speed, HBM or high-bandwidth memory is critical for data centers and AI. Micron’s HBM3E, the current standard, provides 50% more capacity than comparable competitors and does it with less power consumption.

That is why NVIDIA (NASDAQ: NVDA) uses Micron technology for its most advanced AI GPUs, including the Blackwell lineup. Power consumption is among the most significant hurdles and costs for cloud hyperscalers.

Trump Threatens CHIPs Act Funding: Micron at Risk?
Trump’s intent to nix the CHIPs Act and the funding it provides is a headwind for Micron’s stock price. However, the $6.165 billion awarded by the Biden Administration is a drop compared to the $125 billion the company plans to spend over the next two decades.

The money will be used to expand existing and build new manufacturing facilities to support DRAM manufacturing, including HBM3 and the upcoming HBM4 architecture. It is expected to improve capacity by another 50% over HBM3E. The takeaway is that Micron is already manufacturing many of its chips and components domestically and is on track to expand its capacity. The tariffs will likely accelerate those plans.

The analysts lowered the expectation for Micron's revenue and earnings in 2025 but continue to expect robust results nonetheless. The company’s revenue is forecasted to grow at a solid, high-double-digit pace in 2025 and 2026, with earnings growing at a more robust, hyper-quality pace.

Earnings are forecast to grow by triple digits in fiscal 2025 and sustain a high, nearly 60% pace in 2026, and the forecasts may be too low. Micron’s AI boom was slow to build but produced significant outperformance in the first half of the fiscal year, leading to improved guidance at the end of Q1 and Q2.

The Risk for Micron Investors Is Limited

The stock's low valuation and historical price action limit Micron's downside risk. Not only is the stock trading at a low 11x price multiple in 2025, about half what industry leaders are trading for, but the stock price has retreated to potentially strong support levels. These levels align with price points set at the COVID-induced bottom and highs in 2029. The market is pricing in no growth and is providing a discount to current operations at this level.

The analysts also reset their stock price targets, but the market is overcorrecting like so many other stocks in Q2. The move to $69 aligns the market with the low end of the analysts’ range, highlighting the favorable risk-to-reward scenario.

While the consensus is down slightly compared to Q1, it remains up versus the prior quarter and year, forecasting a roughly 85% upside for the stock price.

The technical action in MU shows potential for a bottom in early April, but there is a risk of lower prices. The price action remains elevated within a prior trading range and could retreat to the range’s low end. A move to the low-end range is worth about $20 per share or 35% compared to the $55 or 85% upside forecast.

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MU

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MU 50.96 Gap 1/3/23

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Rosenblatt Adjusts Price Target on Micron Technology to $172 From $200
12:27:35 PM ET, 04/23/2025 - MT Newswires

Barclays Adjusts Price Target on Micron Technology to $95 From $115, Maintains Overweight Rating
MT Newswires08:58:35 AM ET, 04/22/2025

consensus
1 sell
6 hold
22 buy
11 strong buy

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Gap list for MU (Reports 6/25 A )

3Q earnings: on Wednesday, June 25, 2025, at 2:30 p.m. Mountain time.

Open Gaps
Direction Date range
up May-12-2025 86.27 to 91.95
up May-08-2025 82.87 to 83.36
up May-01-2025 77.145 to 77.64
up Apr-23-2025 70.4 to 72.5

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Mizuho Adjusts Price Target on Micron Technology to $130 From $124, Maintains Outperform Rating
+24 (or 22.6% move indicates a130purgs from curgs of 70= 200ttl)

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MU 114.56

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AMD

pps under 20d vs shift and pps over 20 day
5d lead

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Micron's Third Quarter 2025 Financial Call
June 25, 2025 at 2:30 PM MDT

Micron's Post Earnings Analyst Call
June 25, 2025 at 4:00 PM MDT



Mizuho Adjusts Price Target on Micron Technology to $130 From $124, Maintains Outperform Rating
MT Newswires05:55:39 AM ET, 06/05/2025

UBS Adjusts Price Target on Micron Technology to $120 From $92, Maintains Buy Rating
MT Newswires10:38:45 AM ET, 06/05/2025

Citigroup Adjusts Price Target on Micron Technology to $130 From $110, Maintains Buy Rating
MT Newswires06:01:11 AM ET, 06/09/2025

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Micron to invest $200 billion in US memory facilities

https://finance.yahoo.com/news/micron-to-invest-200-billion-in-us-memory-facilities-135800900.html

Daniel Howley · Technology Editor
Updated Thu, June 12, 2025 at 7:58 AM MDT 2 min read


Memory chip maker Micron (MU) announced on Thursday that it will invest an additional $30 billion in the US as it looks to build out its manufacturing and research and development facilities in Idaho and New York.

The move brings Micron's total US manufacturing and R&D investments up to roughly $200 billion, which would create some 90,000 direct and indirect jobs, the company said. Micron is receiving about $6.5 billion in funding from the US CHIPS and Science Act.

The plans call for Micron to build a second memory manufacturing plant at its Boise, Idaho, facility and a massive chip fabrication complex in New York. The company is also updating and expanding its Virginia plant.

Micron said it expects the second Idaho plant to help the company bring its advanced high-bandwidth memory (HBM) manufacturing to the US. HBM is a key component in AI data centers.

"Micron's investment in advanced memory manufacturing and HBM capabilities in the U.S., with support from the Trump Administration, is an important step forward for the AI ecosystem," Nvidia (NVDA) CEO Jensen Huang said in a statement.

"Micron's leadership in high-performance memory is invaluable to enabling the next generation of AI breakthroughs that NVIDIA is driving. We're excited to collaborate with Micron as we push the boundaries of what's possible in AI and high-performance computing," Huang added.

All totaled, Micron said the investments will allow the company to produce 40% of its DRAM memory in the US. Its initial Idaho plant is expected to begin pumping out the hardware in 2027. Micron also said it is set to begin preparing the ground for its New York facilities later this year.

"This approximately $200 billion investment will reinforce America's technological leadership, create tens of thousands of American jobs across the semiconductor ecosystem and secure a domestic supply of semiconductors — critical to economic and national security," Micron CEO Sanjay Mehrotra said in a statement.

"We are grateful for the support from President Trump, Secretary Lutnick and our federal, state, and local partners who have been instrumental in advancing domestic semiconductor manufacturing."

Micron isn't the only company bringing HBM production to the US. South Korea's SK Hynix is building a new HBM plant in Indiana as part of a $3.8 billion construction project.

The Trump administration, and the Biden administration before it, has made onshoring semiconductor manufacturing a key component of its domestic agenda as it seeks to wean the country off its dependence on foreign-made chips.

Companies ranging from Intel (INTC) and TSMC (TSM) to Samsung and GlobalFoundries (GFS) and others have recently announced plans to build or upgrade their facilities throughout the country, thanks in part to billions of dollars in funding through the CHIPS Act.

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Wedbush Adjusts Price Target on Micron Technology to $150 From $130, Maintains Outperform Rating
06:43:56 AM ET, 06/20/2025 - MT Newswires

Wells Fargo Adjusts Price Target on Micron Technology to $150 From $130
05:23:44 AM ET, 06/20/2025 - MT Newswires

Reports 6/25 A
TRK: Gap: 103.91, 20day tag curr106.06, 200d curr 95.65

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Micron Gears Up to Report Q3 Earnings: Buy, Hold or Sell the Stock?
By Anirudha Bhagat | June 23, 2025, 9:54 AM

https://finviz.com/news/86061/micron-gears-up-to-report-q3-earnings-buy-hold-or-sell-the-stock

Micron Technology, Inc. MU will report third-quarter fiscal 2025 results on June 25, after market close.

The company projects fiscal third-quarter revenues to be $8.8 billion (+/- $200 million). The Zacks Consensus Estimate for the top line is pegged at $8.84 billion, which implies year-over-year growth of 29.7%.

Meanwhile, Micron estimates adjusted earnings of $1.57 (+/-10 cents). The consensus mark for the bottom line has been revised upward by a couple of cents to $1.59 per share over the past seven days, which indicates a year-over-year improvement of 156.5%.



The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 10.7%.

Micron Technology, Inc. Price, Consensus and EPS Surprise



Earnings Whispers for Micron

Our proven model predicts an earnings beat for Micron this earnings season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is the case here.

MU’s Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate ($1.69 per share) and the Zacks Consensus Estimate ($1.59 per share), is +6.38%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

Factors Likely to Influence Micron’s Q3 Results

Micron’s third-quarter results are poised to reflect a significant boost from the growing demand for memory chips, fueled by the increasing adoption of GPU-enabled artificial intelligence (AI) servers. As data center operators expand their infrastructure to support generative AI and large language models, memory chips have become essential components. This surge in demand for AI-driven technologies is likely to have bolstered Micron’s revenues during the quarter under review.

Another positive factor is the improving supply-demand dynamics in the memory chip market. For several quarters, Micron faced headwinds from excess inventory across various sectors, which heavily impacted its financial results. However, conditions have improved over the past year, which has resulted in improvements in prices for its DRAM chips. According to the Zacks Consensus Estimate, DRAM revenues for the third quarter are expected to hit $7 billion, marking impressive 49.2% year-over-year growth.

However, pricing headwinds across its NAND products are likely to somewhat offset the positive effect of strong DRAM demand. NAND pricing, which declined sequentially in the second quarter, remains challenged by oversupply conditions and slower-than-expected price recovery. The consensus mark for NAND revenues is pegged at $1.74 billion, implying a 15.6% decrease from the same period last year.

Pricing pressure across NAND products and ongoing startup costs at its new DRAM production facility in Idaho are likely to have weighed on margins. The company predicts a non-GAAP gross margin of 36.5% (+/- 100 basis points) for the third quarter, indicating a 140-basis-point contraction from the second quarter.

Moreover, inflationary pressures and macroeconomic uncertainties have dampened consumer spending, likely reducing demand for memory chips in key markets, such as smartphones and personal computers. Additionally, Micron’s heavy reliance on China poses a risk amid ongoing U.S.-China trade tensions.

Micron Share Price Performance

Year to date, Micron shares have rallied 46.9%, outperforming the Zacks Computer – Integrated Systems industry’s rise of 20.9%. The stock has also outperformed major semiconductor companies, including Broadcom AVGO, NVIDIA NVDA and Taiwan Semiconductor Manufacturing TSM. Shares of Broadcom, NVIDIA and Taiwan Semiconductor Manufacturing have risen 7.8%, 7.1% and 6.1%, respectively.

YTD MU Stock Price Return Performance


Micron’s Key Valuation Metric
From a valuation standpoint, MU appears to be trading at a discount relative to the industry and is trading well below its mean. Going by the price/sales ratio, the company’s shares currently trade at 3.15 forward sales, lower than 3.71 for the industry.



MU stock also trades at a discounted multiple compared to Broadcom, NVIDIA and Taiwan Semiconductor Manufacturing. At present, Broadcom, NVIDIA and Taiwan Semiconductor Manufacturing have P/S multiples of 16.61X, 16.17X and 8.59X, respectively.

Investment Consideration for MU Stock

Micron is reaping the rewards of improving market dynamics, effective sales strategies and strong performance across its diverse business segments. A key driver of its top-line growth has been the improvement in data center inventory levels, coupled with stabilization in markets like automotive, industrial and other sectors. These developments reflect a healthier demand environment that has bolstered the company’s revenue trajectory.

Micron anticipates a favorable pricing environment for DRAM and NAND chips in the latter half of the year, boosting its revenue potential. The demand surge for AI servers has created a scarcity of advanced DRAM supplies, setting the stage for price increases. Additionally, the accelerating adoption of 5G in Internet of Things (IoT) devices and wireless infrastructure is expected to fuel further demand for Micron’s memory and storage solutions, enhancing its market position.

However, challenges persist. The ongoing U.S.-China trade tensions remain a critical risk factor. Given Micron’s substantial exposure to the Chinese market, any escalation in disputes could disrupt its supply chain or lead to new tariffs, directly impacting its margins. Moreover, while the pricing outlook for memory chips appears robust, the company’s reliance on lower-margin NAND products and slow progress in achieving manufacturing efficiencies could temper profitability growth in the near term.

Micron’s future looks promising, but navigating these headwinds will be essential to sustaining its momentum.

Conclusion: Hold MU Stock for Now

Micron is in a strong position to deliver solid growth, driven by rising demand for memory chips in AI servers and improving market dynamics. However, challenges like trade tensions with China and margin pressures should temper expectations for a significant breakout in the near term.

Given its attractive valuation and improving fundamentals, holding Micron stock for now seems like the best strategy. The company has strong potential, but investors should wait to see how the macroeconomic environment and trade relations evolve before making any aggressive moves. For now, it’s best to stay patient and monitor this stock heading into third-quarter earnings.

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Overbought Micron Stock Could Be Volatile After Q3 Earnings
Elizabeth H. Volk
Wed, June 25, 2025 at 4:35 PM MDT 2 min read
https://finance.yahoo.com/news/overbought-micron-stock-could-volatile-223543056.html

Micron Technology (MU) popped higher in after-hours trading following its exceptional fiscal third-quarter 2025 results - but the stock has quickly pared the bulk of its late gains, and is up just 0.5%. Heading into tonight’s report, MU stock had surged more than 36% over the past month, and the 14-day Relative Strength Index (RSI) of 83 was deep in overbought territory. That means the shares could be vulnerable to a short-term technical reversal, despite the strong earnings.

Inside MU’s Q3 Earnings
Looking at the results, Micron reported record revenue of $9.3 billion, marking a substantial 37% year-over-year increase. This impressive growth was primarily driven by surging demand for artificial intelligence (AI)-related memory products, and was particularly evident in the company's data center segment, where revenue more than doubled compared to the previous year.

The company's DRAM segment, accounting for 76% of total revenue, reached an all-time high of $7.1 billion, representing a 51% year-over-year increase. High-bandwidth memory (HBM) revenue grew nearly 50% sequentially, while NAND flash revenue showed more modest growth, contributing $2.2 billion to the total. Micron's adjusted earnings per share (EPS) of $1.91 significantly exceeded analysts’ expectations of $1.60, while gross margins expanded to 39%, demonstrating improved operational efficiency.

The Compute and Networking Business Unit showed remarkable strength with $5.1 billion in revenue, up 97% year-over-year, primarily driven by robust data center demand for AI applications.

What’s Next for Micron?
Looking ahead, Micron provided strong guidance for its fiscal fourth quarter, projecting revenue between $10.4-11.0 billion and adjusted earnings per share of $2.35-2.65, well above consensus estimates. The company's strategic positioning in the AI memory market appears particularly strong, with HBM now shipping to four high-volume customers and development underway for next-generation HBM4 chips targeted for 2026 production.

Management expressed confidence in the company's outlook, citing tight DRAM inventories and improving NAND inventory levels as positive indicators for continued market momentum. However, some analysts have noted potential risks from tariff-related inventory stockpiling that could impact future quarters. Despite these concerns, Micron's strong free cash flow generation of $1.95 billion demonstrates its ability to fund continued investments in advanced memory technologies while maintaining operational efficiency.

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MU cpps 113.23

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Micron Technology Launches Industry-Leading G9 NAND Data Center SSDs, Including World’s First PCIe Gen6 and 245TB Drive
Posted: 2 hours ago / July 29, 2025 1:13 p.m. UTC
https://www.quiverquant.com/news/Micron+Technology+Launches+Industry-Leading+G9+NAND+Data+Center+SSDs%2C+Including+World%E2%80%99s+First+PCIe+Gen6+and+245TB+Drive
Micron launches three new data center SSDs with advanced performance, capacity, and energy efficiency for AI workloads.

Quiver AI Summary
Micron Technology has launched a new lineup of high-performance data center SSDs featuring its 9th generation G9 NAND technology. The Micron 9650 is the world's first PCIe Gen6 SSD, offering exceptional performance benefits, including 28 GB/s sequential read speed, which significantly enhances AI workloads. The Micron 6600 ION SSD boasts a capacity of up to 245TB, marking it as the highest capacity E3.S SSD available, while also improving storage density and energy efficiency. Additionally, the 7600 SSD provides excellent performance for mainstream data center applications with superior latency and energy efficiency compared to competitors. These innovations solidify Micron's leadership in SSD technology, aimed at supporting the growing performance and storage demands of AI-driven data centers, and integrate seamlessly with existing infrastructures.

Potential Positives
Launch of the world's first PCIe Gen6 data center SSD (Micron 9650), offering unmatched performance with up to 28 GB/s speeds, significantly enhancing AI training and inference workloads.

Introduction of the Micron 6600 ION SSD, the industry's highest-capacity E3.S SSD with up to 245TB, which provides massive storage density for data centers, improving energy efficiency and reducing total cost of ownership.

Micron 7600 SSD presents class-leading performance and low latency, tailored for demanding data center workloads, ensuring predictable and fast responses for AI applications.

Integration of advanced security features in all SSDs, coupled with a vertical supply chain, resulting in exceptional quality and reliability for customers.

Potential Negatives

Highly technical jargon and performance metrics may limit accessibility to a broader audience, potentially alienating non-technical stakeholders.

Potential overemphasis on product capabilities may raise expectations that the company could struggle to meet, leading to customer dissatisfaction if real-world performance differs.

Failure to address competitive landscape or anticipated challenges may suggest a lack of comprehensive strategy in navigating industry pressures or market shifts.

FAQ
What are the key features of the Micron 9650 SSD?
The Micron 9650 SSD is the world’s first PCIe Gen6 data center SSD, offering up to 28 GB/s performance and 5.5 million IOPS.

How does the Micron 6600 ION SSD enhance data center efficiency?
The 6600 ION SSD offers industry-leading 122TB capacity, increasing storage density by up to 67% while reducing energy consumption significantly.

What distinguishes the Micron 7600 SSD from competitors?
The Micron 7600 SSD provides class-leading sub-1 ms latency, ideal for demanding workloads, outpacing competitive Gen5 SSDs in performance.

When will the new SSD models be available?
The 9650 and 7600 SSD samples are shipping now, while the 6600 ION 122TB SSD will ship later in Q3 2025.

What is Micron's approach to security in their SSDs?
Micron's SSDs include advanced security features like hardware root of trust and self-encrypting drives to ensure data protection.

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MU 111.52 cpps

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MU

8-22-25

117.68

Micron Tech (Nasd: MU)

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