Micron Technology, Inc. MU shares are down today.
The company today announced the shipment of its 9th generation (G9) TLC NAND SSDs, becoming the first in the industry to achieve this milestone.
G9 NAND boasts a maximum transfer speed of 3.6 GB/s, providing high bandwidth for data read and write operations. This new NAND delivers the highest levels of performance for AI and data-intensive applications, from personal devices to enterprise and cloud data centers.
Micron’s G9 NAND delivers 50% faster data transfers per die, 99% higher write bandwidth and 88% higher read bandwidth compared to competitive products, improving performance and energy efficiency for SSDs and embedded solutions.
“Micron’s G9 NAND is up to 73 percent denser than competing technologies currently on the market, enabling more compact and efficient storage solutions that benefit both consumers and businesses,” said Scott DeVore, executive vice president of technology and products.
“Approaching the theoretical saturation levels of PCIe Gen4, the Micron 2650 SSD uses our new G9 NAND to push the limits of what value a TLC client SSD can achieve,” said Prasad Aruri, vice president and general manager of Client Storage at Micron.
“With uMicron delivering higher PCMark 10 benchmark scores than competing solutions, this drive is set to redefine the user experience for this class of SSD.”
“As advances in AI generate more data and require more storage, customers will demand increased performance to keep up with AI,” said Jeff Janukowicz, research vice president for solid-state drives and enabling technologies at IDC.
“SSDs like the Micron 2650, which benefit from the latest generation of NAND innovation, will be essential for a wide range of users, from businesses to individual consumers,” Janukowicz added.
Investors can get exposure to the stock through the REX FANG & Innovation Equity Premium Income ETF FEPI and Grizzle Growth ETF DARP.
MU Price Action: Micron Technology shares were down 3.75% to $103.79 as of last check on Tuesday.
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