Why These 5 “Blue Chip” Stocks Were Suddenly On Fire in April

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

Returns in April: 40.59%

Micron Technology, Inc. (NASDAQ:MU) is one of the top “blue chip” stocks that were suddenly on fire in April. Micron Technology, Inc. (NASDAQ:MU) announced on May 5 that it is now shipping the 245TB capacity Micron® 6600 ION SSD, which marks the highest capacity commercially available SSD in the world. The company stated that the drive is a notable step forward in rack-scale storage density for data centers, specifically designed to support AI, enterprise, cloud, and hyperscale workloads. These include next-generation AI data lakes and cloud-scale file and object storage.

Micron Technology, Inc. (NASDAQ:MU) further reported that the 245TB Micron 6600 ION E3.L requires 82% fewer racks to attain equivalent raw storage capacity versus HDD-based deployments, and is built with Micron® G9 QLC NAND, which is at least one generation ahead of any competing QLC used in data center SSDs. The 245TB Micron 6600 ION allows customers to store and process considerably more data in far less space, while simultaneously bringing down power and cooling demands without interfering with the required performance for large-scale, data-intensive workloads.

Micron Technology, Inc. (NASDAQ:MU) provides innovative memory and storage solutions. Its operations are divided into the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU).