Key insights
- Micron is shipping a 245TB SSD for data centers, targeting AI and cloud workloads. The new drive uses less power and offers better performance than HDD-based systems. Dell will integrate the drives into its storage systems. While Micron's stock has surged, InvestingPro analysis suggests it may be overvalued.
BOISE, Idaho - Micron Technology Inc. (NASDAQ:MU) announced today it is shipping the 245TB capacity Micron 6600 ION SSD, according to a press release statement. The semiconductor giant, with a market capitalization of $650 billion, has seen its stock surge 619% over the past year as AI infrastructure demand accelerates.
The drive is available in U.2 and E3.L form factors and is designed for AI, cloud, enterprise and hyperscale workloads. The company states the 245TB model requires 82% fewer racks to achieve equivalent raw storage capacity compared to HDD-based deployments.
The SSD is built with Micron G9 QLC NAND technology. The drive consumes up to 30 watts at maximum power, which Micron says is half the power of a comparable-capacity HDD deployment.
"AI workloads are driving massive growth in shared data, continuing the shift of data center storage share from HDDs toward SSDs," said Jeremy Werner, senior vice president and general manager of Micron’s Core Data Center Business Unit.
Jeff Janukowicz, research vice president of solid state drives and enabling technologies at IDC, stated that operators need more usable capacity per rack while staying within power and cooling constraints.
Testing conducted in Micron labs showed the 245TB Micron 6600 ION provided up to 84 times better energy efficiency, 8.6 times faster AI preprocessing and 3.4 times better ingest throughput for AI workloads compared to HDD-based systems. For object storage workloads, the drive demonstrated up to 435 times better throughput per watt and 96 times faster time to first byte.
Travis Vigil, senior vice president of ISG product management at Dell Technologies, said the drives will be integrated into Dell storage systems for AI applications.
The Micron 6600 ION 245TB SSD will be displayed at Dell Tech World from May 18-21, 2026.Despite the strong momentum, InvestingPro analysis suggests the stock is currently overvalued relative to its Fair Value. Investors seeking deeper insights can access comprehensive analysis through Micron’s Pro Research Report, one of 1,400+ available reports that transform complex financial data into actionable intelligence.
In other recent news, Meta Platforms is extending the operational life of its data center servers from six to seven years due to a significant shortage of memory chips. This shortage affects the company’s non-AI servers and is expected to persist through 2027, according to internal memos viewed by The Wall Street Journal. Meanwhile, Micron Technology has been in the spotlight as Seagate Technology’s strong revenue and profit forecasts have fueled optimism about AI-driven demand for memory products. Analysts at Morgan Stanley have highlighted Seagate’s robust performance, maintaining it as a top pick in the sector.
Additionally, TD Cowen has raised its price target for Micron Technology shares, citing a favorable margin outlook and maintaining a Buy rating. The firm has structured long-term agreements around a gross margin framework, with potential support from AGI CPU demand. DA Davidson has also initiated coverage on Micron with a Buy rating, noting that artificial intelligence is creating a longer-than-usual memory cycle, enhancing memory pricing and demand. In contrast, Nvidia and other semiconductor stocks faced a selloff after OpenAI missed internal targets for users and revenue, impacting companies like Advanced Micro Devices, Arm Holdings, and Intel.
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