# Micron (MU) stock kept rising on Wednesday after a strong rally earlier.

*semiconductor · news · 2026-05-06 · The Economic Times*

## Key points

- Micron launched the world's largest SSD with 245TB, reducing required rack space by up to 82%.
- Fitch upgraded Micron’s credit rating to BBB+ due to stable AI-driven demand and long-term deals.
- Micron posted $23.86 billion revenue and $13.79 billion net income, beating market expectations.
- AI is making memory chip demand more stable and long term, changing the commodity view of memory.

**Companies:** Micron, AMD, Nvidia
**Countries:** United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/international/us/micron-stock-soars-as-ai-memory-demand-drives-massive-growth-and-record-highs/articleshow/130863805.cms)

---

Canonical: https://newsio.io/n/e0224c81-4455-4708-8afc-72e5307db1a0/micron-mu-stock-kept-rising-on-wednesday-after-a-strong-rally-earlier-the-stock
Summarized by Newsio from The Economic Times. https://newsio.io/how-it-works