Micron Technology’s MU stock is trading higher Wednesday as some stocks in the chip sector rebound from Tuesday’s losses. The company also announced a new clock driver, the DDR5 memory portfolio.
What you need to know: Micron has announced a DDR5 memory portfolio designed to power the new wave of AI PCs. The company has introduced two clock driver memory modules capable of delivering speeds of up to 6,400 MT/s (megatransfers per second), more than double that of DDR4.
Micron’s new portfolio integrates clock drivers directly into memory modules, improving speed stability and signal integrity. DDR5 is designed to deliver faster speed stability, download speeds, and refresh rates for next-generation PCs.
Micron also announced that it has validated its DDR5 solution for use with Intel Corp.’s INTC Core Ultra processor, which was released on October 10th.
“As AI leaps ahead, a paradigm shift in memory is required to meet unprecedented system performance requirements,” said Dinesh Bahal, corporate vice president and general manager of Micron’s Commercial Products Group. .
“Micron is shipping the industry’s first commercially available JEDEC standard DDR5 CUDIMM and CSODIMM solutions that deliver ready-to-use, high-speed power for AI PCs and high-end workstations. We provide memory solutions to the ecosystem to future-proof today’s devices for tomorrow’s AI workloads.”
Related Links: Intel and AMD team up to shape the future of computing
Other: Several semiconductor stocks have rebounded from Tuesday’s slump, largely due to soft guidance from ASML Holding.
The Dutch semiconductor company lowered its full-year sales forecast from a range of 30 billion euros ($32.59 billion) to 40 billion euros to a new range of 30 billion euros to 35 billion euros.
Additionally, reports emerged this week that the United States is considering the possibility of curbing chip exports to some countries, negatively impacting chip sector stocks.
Currently, the United States is restricting chip exports to some countries, including China. However, new restrictions on chip exports could reportedly focus on Persian Gulf countries.
How to buy Micron Technology stock
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For example, Micron Technology is in the information technology field. An ETF is likely to hold shares in many liquid large companies that help it track its sector, giving investors exposure to trends within that sector.
MU Price Action: Micron Technology shares rose 4.14% to $108.65 on Wednesday afternoon, according to data from Benzinga Pro.
Image: Provided by Micron
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