Shares of Micron Technology ( MU ) rose nearly 5% on Monday after the memory maker revealed an agreement with Anthropic chip coating technology, long-term availability, and an investment in an AI lab.
The announcement came two days before Micron reported its third-quarter results, an expansion of investors’ focus on how AI memory is fueling the company’s growth.
Inside the Micron and Anthropic partnership
Micron announced the deal on Monday. It organizes the architecture as a bridge between AI models of the frontier and memory hardware design. The two companies will combine memory and storage systems that are designed for AI training.
The agreement also serves as a multi-year commitment to Micron’s data center portfolio. It covers bandwidth memory, DRAM, and hard drives.
This provides dedicated Anthropic parameters like Claude’s use is growing.
The sales guarantee is weighted based on the Anthropic scale. The lab’s operating expenses exceeded $47 billion in May, and its latest raise was valued at $965 billion. Protecting memory now blocks the market where AI chips are difficult.
Micron also participated in Anthropic’s Series H round. They joined forces with Samsung and SK hynix, some of the world’s leading memory manufacturers, which are called Anthropic sponsors.
Within its walls, Micron uses Claude to support engineering and coding work.
“Our reading system relies on getting every part of the stack right, and memory and storage are critical to how we can train and serve Claude… read it The announcement, citing Tom Brown, co-founder and chief computing officer at Anthropic.
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MU Stock Rises Ahead of Profits
Shares of Micron’s MU rose nearly 5% intraday, adding to the growing rally for AI memory.
Micron hit a record high of $1,130 on June 18, and the stock has tripled in 2026. It is now trading above that record at $1,192, ahead of Wednesday’s earnings release, according to busy reporting week.
Keeping track of time is important because memory prices have grown exponentially. Melissa Weathers of Deutsche Bank he raised his price to $1,500 from $1,000 on June 17.
TD Cowen’s Krish Sankar matched the figure, citing 2027 earnings per share of about $150.
All researchers expect that memory loss will occur in 2028.
However, not every desk sees Micron as a pure AI bet. Some Wall Street experts have he preferred Nvidia over Micronshowing a consistent exposure to the use of AI infrastructure.
Wednesday’s report will test whether the Anthropic deal represents a pipeline of permanent need or a temporary chapter.
Keeping in mind the slowdown and rising costs, Micron’s guidance may reveal more for 2027 than the quarter just ended.
A note Micron Stock Jumps 5% on Anthropic AI Deal Ahead of Earnings appeared for the first time BeInCrypto.
