Micron Technology (MU) Is Up 28.6% After Launching 245TB SSD Amid AI-Driven Memory Tightness
Micron Technology began shipping its 245-terabyte Micron 6600 ION SSD for AI and data centers, reporting a 772% year-on-year net income growth to $13.79 billion. The launch strengthens Micron's role as a core infrastructure supplier to the AI ecosystem.
Micron Technology has started shipping its 245-terabyte Micron 6600 ION SSD for AI, cloud, enterprise, and hyperscale data centers. The company reported a significant year-on-year net income growth of 772% to $13.79 billion. Revenue nearly tripled to $23.86 billion in Q2 FY 2026. The launch of the 6600 ION SSD reinforces Micron's role in the AI ecosystem. Investors are focused on whether AI-driven demand can sustain profitability before the next down cycle in memory pricing. Micron's narrative projects $132.5 billion revenue and $58.3 billion earnings by 2029.
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