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Micron stock rockets to intraday record as AI SSD launch lifts hopes of 700 billion market cap
Business
Published on 5 May 2026
A 245TB SSD launch is reshaping expectations
Micron Technology shares surged to an intraday record and are nearing a $700 billion market cap, powered by a new 245TB SSD launch and strong AI-driven demand for memory chips. Fitch Ratings also upgraded Micron’s credit, pointing to improving financials and better revenue visibility. Investors are watching whether the AI storage boom can push the stock to a new milestone.
- Micron shares hit an intraday record and are nearing $700 billion
- A new 245TB SSD launch is driving AI related memory demand
- Fitch upgraded Micron’s credit citing stronger financial visibility
- The wider storage sector is benefiting from the AI chip surge
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times