10 Buzzing AI Stocks on Latest News and Ratings

5. Micron Technology, Inc. (NASDAQ:MU)

Number of Hedge Fund Holders: 96

On June 3rd, Micron Technology, Inc. (NASDAQ:MU) announced shipping of the world’s first 1γ (1-gamma) node-based low-power double data rate 5X (LPDDR5X) memory. Known to be a game-changer for the mobile industry, it has the ability to accelerate AI applications on flagship smartphones.

The Micron LPDDR5X delivers faster, smoother mobile experiences and longer battery life for users. This is true even when operating data-intensive workloads such as AI-powered translation or image generation.

Next-generation smartphone designs are competing to be as compact as possible, and the LPDDR5X package size boasts to be the industry’s thinnest package of 0.61 millimeters. This makes it 6% thinner compared to competitive offerings, and marks a 14% height reduction from the previous generation.

As such, Micron’s latest offering offers users a whopping 20% power savings, offering users the ability to enjoy their favorite AI applications, games, and video content longer on a single charge. Moreover, data center servers, intelligent vehicles, and AI PCs may also adopt the LPDDR5X for achieving optimized power efficiency and high performance.

“Micron’s 1-gamma node-based LPDDR5X memory is a game-changer for the mobile industry. This breakthrough technology delivers lightning-fast speeds and remarkable power efficiency — all within the industry’s thinnest LPDDR5X package — paving the way for exciting new smartphone designs. This solution demonstrates our commitment to empowering the ecosystem to create extraordinary mobile experiences.”

-Mark Montierth, corporate vice president and general manager of Micron’s Mobile and Client Business Unit.

Micron Technology, Inc. (NASDAQ:MU) develops and sells memory and storage products for data centers, mobile devices, and various industries worldwide.