Micron Technology, Inc. MU has introduced a groundbreaking 128GB DDR5 RDIMM memory module, powered by a monolithic 32Gb DRAM die. This innovative product offers remarkable improvements in bit density, energy efficiency, and latency, positioning it as a game-changer for data centers globally. Collaboration with industry partners has led to extensive adoption of these high-performance memory modules in various server platforms. Crafted to meet the demanding requirements of critical applications like artificial intelligence (AI), machine learning (ML), high-performance computing (HPC), and in-memory databases (IMDBs), Micron’s 128GB DDR5 RDIMM memory sets a new gold standard in performance and efficiency.
Micron (MU) Enhances Capabilities in the Data Center Memory Market
The industry has enthusiastically embraced Micron’s latest memory innovation, with key players including AMD, Hewlett Packard Enterprise, Intel, and Supermicro incorporating the new modules into their server offerings. These partnerships underscore the industry’s acknowledgment of Micron’s superior leadership in providing cutting-edge memory solutions that deliver exceptional performance and reliability.
Micron Technology, Inc. Price and Consensus
Micron’s launch of the 128GB DDR5 RDIMM memory marks a significant step in addressing the escalating demand for high-capacity, high-speed memory in data centers. With its superior bandwidth, capacity, and power optimization, Micron empowers its customers to construct memory-intensive infrastructure customized to their specific needs. This availability represents a notable milestone in Micron’s dedication to driving innovation in the data center memory market. Customers can now leverage Micron’s advanced memory technology to boost the performance and efficiency of their AI and HPC applications, setting new benchmarks for data center performance.
As the industry continues its evolution, Micron asserts its position at the vanguard of innovation, delivering cutting-edge memory solutions that empower customers to attain new levels of performance and efficiency in their data center environments. With a comprehensive memory portfolio, including DDR5 RDIMMs, MCRDIMMs, MRDIMMs, CXL, and LPDDR5x, Micron stands poised to cater to the diverse needs of customers across a broad spectrum of applications.
In summation, Micron’s 128GB DDR5 RDIMM memory marks a significant leap in data center memory technology, offering unmatched performance, efficiency, and reliability. With extensive adoption and industry-leading capabilities, Micron is positioned to stimulate innovation and transformation in the data center market for years to come.
Diversifying Product Range
Micron’s steadfast commitment to innovation and quality is evident in its endeavor to deliver state-of-the-art solutions that cater to the evolving demands of consumers and businesses. The company boasts an extensive lineup of products tailored for PCs, servers, and the smartphone sector, covering both DRAM and NAND offerings. DRAM chips are essential components in PCs and servers, while NAND flash chips play a crucial role in smartphones and SSDs. Micron’s presence in the SSD storage market is on a steady growth trajectory.
In April 2024, Micron showcased its prowess in NAND technology by commencing mass production of its 232-layer QLC NAND. Leveraging this advanced technology, Micron achieves unrivaled bit-density, NAND I/O speeds, and read and programming performance, outstripping offerings from competitors. The company also unveiled the Micron 4150AT SSD, an innovative automotive-grade storage solution aimed at revolutionizing data management in intelligent vehicles. Featuring the world’s first quad-port capability, the 4150AT SSD caters to the evolving requirements of next-generation automotive architectures, offering unparalleled flexibility and performance for a wide range of advanced applications.
Furthermore, Micron continues to expand its product portfolio for gaming and content industries with recent launches such as Crucial DDR5 Pro Memory Overclocking Edition modules, Crucial T705 SSD, Gen5 Consumer NVMe SSD, and Plug-and-Play High-Performance DRAM. In July 2023, it introduced Crucial X9 Pro and X10 Pro Portable SSDs, followed by the Crucial T500 SSD in October 2023, featuring PCIe 4.0 NVMe and Micron’s advanced 232-layer 3D NAND technology.
Zacks Rank & Other Stocks to Consider
Micron currently holds a Zacks Rank #2 (Buy). MU stock has surged 28.5% in the year-to-date (YTD) period. Other top-ranked stocks in the broader technology sector include NVIDIA NVDA, Salesforce CRM, and Twilio TWLO, each carrying a Zacks Rank #2.
The Zacks Consensus Estimate for NVIDIA’s fiscal 2025 earnings was adjusted upwards to $23.94 per share in the past 30 days, indicating an 84.7% year-over-year growth. The long-term estimated earnings growth rate for NVIDIA stands at 30.9%, with the stock having surged 67.6% YTD.
Salesforce’s fiscal 2025 earnings estimate saw an upward revision to $9.71 per share in the past 60 days, forecasting an 18.1% year-over-year increase. The stock has a long-term expected earnings growth rate of 17.4%, with shares up 2.1% YTD.
The consensus estimate for Twilio’s 2024 earnings was revised upwards to $2.71 per share over the past 30 days, representing a 10.6% rise from 2023. The stock has a long-term earnings growth expectation of 19.6%, with a YTD decline of 19.7%.