MICRON SURGES 11% ON SSD SHIPMENT NEWS

INDUSTRY DESK■ 1 MIN READ

TUE, MAY 5, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

Micron Technology's stock jumped 11% Tuesday following news that its highest-capacity SSD has begun shipping, pushing the company's market capitalization past $700 billion for the first time.

The memory chip maker's shares closed at a record high, marking another day in a sustained rally for the company. The milestone reflects growing demand for advanced storage solutions as data centers and enterprises expand capacity. Sandisk, another major player in the storage sector, also posted gains, closing up 12% on the strength of the broader market movement in memory and storage stocks. Micron's achievement signals momentum in the SSD market as shipments of the company's highest-capacity drives ramp up. The $700 billion market cap milestone places Micron among the most valuable semiconductor companies globally. The gains come as demand for storage infrastructure remains elevated across cloud computing, artificial intelligence, and enterprise data center segments.

■ SOURCES

► Techmeme

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MICRON SURGES 11% ON SSD SHIPMENT NEWS

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