Micron’s AI storage milestone and expansion into India raises valuation questions

Micron’s AI storage milestone and expansion into India raises valuation questions

By Simply Wall St
Publication Date: 2026-03-09 16:11:00

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  • Micron Technology has begun shipping customer samples of a 256GB SOCAMM2 LPDRAM module, described as the world’s highest capacity server memory module, intended for next-generation AI data centers.

  • The company also opened an advanced semiconductor assembly and testing facility in Sanand, India, expanding its manufacturing footprint in Asia.

  • These moves are intended to support the growing need for AI infrastructure and diversify Micron’s global supply chain.

For investors watching NasdaqGS:MU, these updates include the stock trading at $370.3, up 17.4% year-to-date. The shares have also posted very large gains over the last 1 and 3 years, alongside a decline of 10.3% in the last week and 6.2% in the last month, underscoring just how active sentiment can be towards Micron.

The new 256GB module targets heavier AI workloads that…