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Micron Signs Strategic Agreement With Claude Maker Anthropic; Shares Rise

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Micron Signs Strategic Agreement With Claude Maker Anthropic; Shares Rise

Micron Technology (MU) signed an agreement with Anthropic that includes memory and storage supply, while the semiconductor manufacturer announced an investment in the artificial intelligence chatbot Claude maker.

The strategic agreement between Micron and Anthropic covers memory and storage AI architecture design, as well as enterprise adoption of Claude across Micron. The memory and storage supply deal spans Micron's data center portfolio.

"The AI revolution has permanently elevated the role of memory and storage solutions from the data center to the edge," Micron Chief Business Officer Sumit Sadana said Monday.

Micron said it made a strategic investment in Anthropic's series H funding round.

Micron shares were up 5.2% in Monday late-afternoon trade. So far this year, the stock has surged nearly 318%.

Late last month, Anthropic said it raised $65 billion in series H funding led by investors such as Altimeter Capital, valuing the company at $965 billion post-money. Recently, Anthropic confidentially filed for an initial public offering in the US.

"Our compute strategy depends on getting every layer of the stack right, and memory and storage are central to how efficiently we can train and serve Claude," Anthropic Chief Compute Officer Tom Brown said Monday. "Partnering with Micron means we collaborate closely on optimizing these systems for our workloads and secure the supply we need."

The companies will analyze how memory and storage subsystems perform across various workloads and interact across the full infrastructure stack, they said in a statement.

Last week, Wedbush Securities said Micron may deliver fiscal third-quarter results well above Wall Street's expectations after market prices for memory chips came in higher than the company had assumed.

Micron is scheduled to report results Wednesday.

Price: $1194.72, Change: $+60.72, Percent Change: +5.35%

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