Micron launches 245TB SSD, boosting AI infrastructure and cutting data center space needs by 82%.

Micron Technology has launched a 245TB 6600 ION SSD that significantly reduces data center rack space by 82% compared to traditional hard drives. This product diversifies Micron's growth beyond high-bandwidth memory (HBM), which consumes much more wafer area than standard DDR5 memory. The company is expected to see substantial earnings growth, with some forecasts projecting a 605% increase by fiscal year 2026. The launch addresses key challenges in AI infrastructure such as floor space and power consumption, supporting a bullish outlook with price targets ranging from $600 to $1,000 depending on future market conditions and semiconductor shortages.