MU is trading 1.57% up at $1230.43 in pre-market, driven by a new strategic partnership with AI startup Anthropic and continued optimism for its High-Bandwidth Memory (HBM) ahead of its Q3 2026 earnings report on June 24.
- Micron (MU) announced a multi-year agreement with Anthropic, involving the supply of HBM, DRAM, data center storage, and a strategic investment in Anthropic.
- The company's HBM capacity for 2026 is reportedly sold out, with analysts maintaining a bullish sentiment on AI-related demand, although the stock's recent rally has pushed it above average price targets.
- Investors are keenly awaiting Micron's Q3 2026 earnings on June 24, with strong expectations for revenue and EPS due to robust AI demand.