Micron Technology (MU) Surges on Launch of New DDR5 Memory Modules

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Oct 16, 2024
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Micron Technology (MU, Financial) saw its stock rebound by nearly 5%, with a 4.19% increase, bringing the price to $108.69. The rise comes after the company announced the release of a new category of clock-driven memory modules. These include the Crucial ® DDR5 Unbuffered Dual In-line Memory Module (CUDIMM) and the Small Outline Dual In-line Memory Module (CSODIMM), which are now shipping in volume.

The JEDEC standard solutions boast speeds of up to 6,400 MT/s, which is more than twice as fast as DDR4 and 15% faster than traditional non-clock-driven DDR5 memory. These innovations aim to enhance speed stability, download speeds, and refresh rates, marking a significant advancement in next-generation PC memory technology.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.