Micron Stock Spikes As 'Memflation' Hits The Memory Market

Micron Technology Inc. (NASDAQ:MU) shares are ripping higher Tuesday, jumping roughly 12% after the memory giant announced it has begun shipping the world’s highest-capacity commercially available SSD, landing right as the industry coins a new word for the moment: memflation.

MU stock is climbing. See the chart and price action here.

Next-Gen Memory

Micron is now shipping the 245TB Micron 6600 ION SSD, billed as the world’s highest-capacity commercially available solid-state drive.

The company built the drive for rack-scale storage density inside data centers. It is targeted at AI, cloud, enterprise and hyperscale workloads (next-generation AI data lakes and cloud-scale file and object storage).

The timing could hardly be better.

Hyperscalers are scrambling for every bit of capacity they can wire into AI clusters, and a 245TB drive lets data centers pack vastly more storage into the same rack footprint without adding power or cooling, a ...

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Micron Stock Spikes As 'Memflation' Hits The Memory Market

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