Micron Rises 5%, Supplying Anthropic Memory for Claude AI

Micron Technology shares rose over 5% Monday following a strategic agreement with AI firm Anthropic.

The multi-year deal establishes Micron as a supplier of HBM, DRAM, and SSD products for Anthropic’s Claude AI models.

Both companies will co-design memory and storage architectures optimized for AI workloads.

Micron participated as a strategic investor in Anthropic’s Series H funding round.

The chipmaker will also integrate Claude AI models into its internal business operations.

The parties did not disclose the financial terms of the agreement.