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BOISE, Idaho - Micron Technology, Inc. (NASDAQ:MU), a $126 billion market cap semiconductor giant with "GOOD" financial health according to InvestingPro analysis, unveiled three new data center solid-state drives (SSDs) built with its G9 NAND technology, including what it calls the world’s first PCIe Gen6 NVMe SSD.
The new product lineup features the 9650 SSD, which Micron claims delivers 28 GB/s sequential read speeds, twice the performance of competitive drives. The company also introduced the 6600 ION SSD with capacity up to 122TB in the E3.S form factor, with plans for a 245TB version in the first half of 2026. These innovations come as Micron demonstrates impressive 58% year-over-year revenue growth, positioning it strongly in the competitive semiconductor market.
Completing the portfolio is the 7600 SSD, a PCIe Gen5 drive designed for mainstream data center workloads with sequential read speeds of 12 GB/s.
"With the industry’s first PCIe Gen6 SSD, industry-leading capacities and the lowest latency mainstream SSD—all powered by our first-to-market G9 NAND—Micron is not just setting the pace; we are redefining the frontier of data center innovation," said Jeremy Werner, senior vice president at Micron.
The 9650 SSD offers up to 5.5 million IOPS for random reads and is available in E3.S and E1.S form factors with both air-cooled and liquid-cooled options. The 6600 ION 122TB model can provide up to 2.4PB of storage in a 1U server, which Micron claims increases storage density up to 67% over competitors.
According to Micron, the 6600 ION consumes only 1 watt per 4.9TB, offering 37% better energy efficiency than three 36TB hard disk drives delivering equivalent capacity.
The 9650 and 7600 SSD samples are currently shipping to customers, while the 6600 ION 122TB SSD samples will ship later in the third quarter of 2025.
The announcement was made in a press release ahead of Micron’s participation in the Future of Memory and Storage Summit 2025, where the company will showcase these products alongside its memory solutions. With analysts setting price targets as high as $200 and the stock currently showing upside potential according to InvestingPro’s Fair Value analysis, Micron’s innovative product strategy appears to be resonating with market experts. InvestingPro subscribers can access 10+ additional investment tips and a comprehensive Pro Research Report for deeper insights into Micron’s market position and growth potential.
In other recent news, Micron Technology reported impressive fiscal third-quarter results, with revenue growing nearly 50% quarter-over-quarter to over $1.5 billion, surpassing analyst projections from firms such as Bernstein and Stifel. The strong performance in high-bandwidth memory (HBM) was highlighted as a significant driver, with HBM remaining sold out for the calendar year 2025. Following these results, CFRA raised its price target for Micron from $117 to $155, maintaining a Buy rating, while Stifel increased its price target to $145 from $130, also maintaining a Buy rating.
Additionally, Micron has introduced a 256-gigabit radiation-tolerant NAND flash memory product for space applications, claiming it to be the highest-density radiation-tolerant SLC NAND available. The company also launched its 9th-generation QLC SSD, featuring technology that rivals higher-tier drives in performance while maintaining cost-effectiveness. Bernstein reiterated its outperform rating with a $140 price target, citing Micron’s better-than-expected results and future growth potential in less commoditized markets. These developments underscore Micron’s strategic advancements and strong market positioning in the memory chip industry.
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