Micron Overtakes Kioxia in NAND Flash Market Share as Revenue Soars 99%
MU has more than doubled off its 52-week low of $113.46 on light trading volume (0.2× avg).
Summary
Micron's NAND flash market share jumped to 15.1% in Q2 from 13.9% in Q1, overtaking Kioxia for third place globally. NAND revenue hit $11.85 billion, up 99.2% quarter-over-quarter — the fastest growth among the top five brands. This follows a 7% drop in Micron shares the prior day on AI-spending worries, but the Trendforce data shows memory demand remains exceptionally strong. The company now trails only Samsung and SK Hynix in NAND revenue. Watch for whether this market share gain translates into sustained margin expansion in upcoming earnings.
At the time of this announcement, MU was trading at $930.18 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.1T. The 52-week trading range was $113.46 to $1,255.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.