Micron Technology shares rose over 5% following a strategic partnership with AI firm Anthropic. The companies announced the agreement on June 22.
The collaboration focuses on developing memory and storage infrastructure for advanced AI workloads. Micron will supply HBM, DRAM, and SSD products to support Anthropic’s long-term growth.
Both companies plan to optimize memory architecture specifically for Anthropic’s Claude AI models. Micron also made a strategic investment in Anthropic’s latest funding round.
Micron will expand its internal use of Claude models across its enterprise operations.