Micron Technology, Inc. (NASDAQ:MU) shares are trading higher on Wednesday as some stocks in the chip sector rebound from Tuesday's drop. The company also unveiled its new clock driver, the DDR5 memory portfolio.
What To Know: Micron announced its DDR5 memory portfolio, designed to fuel a new wave of AI PCs. The company introduced two clock driver memory modules capable of delivering speeds of up to 6,400 MT/s (megatransfers per second), more than twice as fast as DDR4.
Micron's new portfolio integrates a clock driver directly onto the memory module, ensuring improved speed stability and signal integrity. DDR5 is designed to provide more speed stability, faster downloads and better refresh rates for next-generation PCs.
Micron also announced that it validated its DDR5 solutions for use with Intel Corp (NASDAQ:INTC) Core Ultra processors, which were launched on Oct. 10.
"As AI takes flight, a memory paradigm shift is needed to keep pace with unprecedented system performance requirements," said Dinesh Bahal, corporate vice president and general manager of Micron's Commercial Products Group.
"Micron is shipping the industry's first JEDEC-standard, commercially available DDR5 CUDIMM and CSODIMM solutions to power fast, out-of-the-box speeds for AI PCs and high-end workstations. With this new category, we are arming the ecosystem with next-generation memory solutions to future-proof today's devices for tomorrow's AI workloads."
Related Link: Intel, AMD Join Forces To Shape The Future Of Computing
What Else: Several chip stocks are recovering from Tuesday's weakness, largely driven by soft guidance out of ASML Holding.
The Dutch chip company slashed its full-year sales guidance from a range of 30 billion euros ($32.59 billion) to 40 billion euros to a new range of 30 billion euros to 35 billion euros.
In addition, reports surfaced this week that the U.S. is exploring the possibility of curbing chip exports to some countries, which negatively impacted stocks in the chip sector.
Currently, the U.S. limits exports of chips to select countries, such as China. However, the new potential controls on chip exports would reportedly focus on Persian Gulf Nations.
How To Buy Micron Technology Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Micron Technology's case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
MU Price Action: Micron Technology shares were up 4.14% at $108.65 Wednesday afternoon, according to data from Benzinga Pro.
Image: courtesy of Micron
