Micron Technology, Inc. - MU STOCK NEWS

Micron Technology (Nasdaq: MU) has launched a new category of clock driver memory with its Crucial® DDR5 CUDIMM and CSODIMM solutions, now shipping in volume. These JEDEC-standard solutions offer speeds up to 6,400 MT/s, more than twice as fast as DDR4 and 15% faster than traditional non-clock-driver-based DDR5. The new memory modules feature a clock driver directly on the module to stabilize speeds, addressing scaling challenges in DDR5 performance.

Intel has validated Micron's DDR5 CUDIMM and CSODIMM solutions up to 64GB capacities for use with Intel® Core™ Ultra processors. This enables system capacities up to 256GB for AI PCs and high-end workstations. Consumers can purchase 16GB capacities through Crucial.com, with 64GB capacities available through the channel in the first half of 2025.

Micron Technology reported strong results for Q4 and full fiscal year 2024. Q4 revenue reached $7.75 billion, up 93% year-over-year, driven by robust AI demand and record data center DRAM and NAND sales. GAAP net income was $887 million ($0.79 per diluted share), while non-GAAP net income was $1.34 billion ($1.18 per diluted share).

For the full fiscal year 2024, revenue totaled $25.11 billion, with GAAP net income of $778 million ($0.70 per diluted share) and non-GAAP net income of $1.47 billion ($1.30 per diluted share). The company generated $8.51 billion in operating cash flow for the year.

Micron expects continued growth, forecasting Q1 2025 revenue of $8.70 billion ± $200 million and diluted EPS of $1.54 ± $0.08 (GAAP) or $1.74 ± $0.08 (non-GAAP). The company also declared a quarterly dividend of $0.115 per share.

Micron Technology (Nasdaq: MU) has launched the Crucial P310 2280 Gen4 NVMe SSD, offering high-performance storage for gamers, students, and creatives. Key features include:

- 7,100 MB/s sequential read and 6,000 MB/s write speeds
- Up to 2TB capacity
- 40% faster than Crucial's P3 Plus
- 20% faster in real-world tasks than other Gen4 SSDs
- Up to 40% better performance-to-power ratio

The SSD is available in M.2 2280 form factor, with a heatsink version for PlayStation 5 and desktop gaming PCs coming soon. It's now available through Crucial's website and select retailers, backed by a five-year warranty.

Micron Technology (Nasdaq: MU) has announced its upcoming fiscal fourth quarter and full-year 2024 earnings conference call, scheduled for Wednesday, September 25, 2024, at 2:30 p.m. Mountain time. The event will be accessible via a live webcast on the company's investor relations website. Investors and interested parties can tune in to hear Micron's financial results and potentially gain insights into the company's performance for the fiscal year 2024. Replay options will be available on the website for approximately one year following the call, allowing for extended access to the presentation and discussion.

Micron Technology (Nasdaq: MU) has announced the development of the industry's first PCIe Gen6 data center SSD for ecosystem enablement. This technology delivers sequential read bandwidths of over 26GB/s, showcasing Micron's storage technology leadership. The company will present its AI-focused innovations at the Future of Memory and Storage (FMS) 2024 event.

Micron's presence at FMS will highlight its AI product leadership in memory and storage solutions. The company will demonstrate various products, including the world's fastest data center SSD (Micron 9550), MRDIMM for high-performance main memory, and the Micron 2650 NVMe SSD for enhanced user experience. Micron experts will participate in several sessions, discussing topics such as AI workloads, power efficiency, and storage technologies.

Micron Technology (Nasdaq: MU) has announced upcoming investor events where company executives will participate in fireside chats. These events include:

• The KeyBanc Capital Markets Technology Leadership Forum in Vail, Colorado on Monday, August 5, at 9:00 a.m. Mountain time.
• Deutsche Bank's 2024 Technology Conference in Dana Point, California on Wednesday, August 28, at 9:45 a.m. Mountain time.

Investors and interested parties can access live webcasts and subsequent replays of these presentations through Micron's Investor Relations website at investors.micron.com. These events provide opportunities for investors to gain insights into Micron's strategies and performance directly from company executives.

Micron Technology (Nasdaq: MU) has announced volume production of its ninth-generation (G9) TLC NAND flash technology, marking an industry first. The G9 NAND boasts the highest transfer speed of 3.6 GB/s, offering superior bandwidth for data-intensive applications like AI. It's 73% denser than competing technologies, enabling more compact storage solutions.

The Micron 2650 NVMe SSD, integrating G9 NAND, delivers exceptional performance, surpassing competitors in PCMark® 10 testing with up to 38% higher scores. It offers up to 7,000 MB/s sequential read speeds and outperforms competitors by up to 156% in random read operations. The G9 NAND is now available in the Micron 2650 SSD for client OEMs and is in qualification for component form and consumer-based Crucial SSDs.

Micron Technology has introduced the Micron 9550 NVMe SSD, touted as the world's fastest data center SSD. This innovative product showcases Micron's expertise by integrating its own controller, NAND, DRAM, and firmware. The 9550 SSD delivers best-in-class performance with 14.0 GB/s sequential reads and 10.0 GB/s sequential writes, providing up to 67% better performance over similar competitive SSDs.

The SSD excels in AI workload performance and power efficiency, outperforming competitors in critical AI tasks with up to 33% faster workload completion times. It also offers industry-leading power efficiency for various AI workloads, including up to 43% lower SSD average power in GNN training. Available in capacities from 3.2TB to 30.72TB and in multiple form factors, the 9550 SSD is designed to meet the demands of top OEMs and hyperscalers.

Micron Technology (Nasdaq: MU) has launched the Crucial P310 2230 Gen4 NVMe SSD, targeting handheld gaming, ultrathin laptops, and mini PCs. This new SSD offers:

• Industry-leading read speeds of 7,100 MB/s
• Write speeds of 6,000 MB/s
• Capacities up to 2TB
• Random reads up to 1 million IOPS
• Power-efficient storage for extended battery life

The P310 2230 is compatible with devices like Valve Steam Deck, ASUS ROG Ally, and select Microsoft Surface and Dell models. It's available now through various channels with a five-year warranty. A P310 2280 version for PC gaming is expected in fall 2024.