Micron Technology strikes strategic deal with Anthropic

• Micron Technology (NASDAQ:MU) announced a strategic agreement with Anthropic, including memory and storage supply, technical collaboration, and investment in the AI company's Series H round.
• The partnership covers high-bandwidth memory, DRAM, and SSDs to support Anthropic’s growing Claude AI model demands.
• Micron Technology (NASDAQ:MU) shares rose roughly 6% to a record closing high following the announcement.

Micron Technology (NASDAQ:MU) announced a strategic agreement with Anthropic that includes a memory and storage supply deal, technical collaboration on AI infrastructure, and a strategic investment in Anthropic’s Series H funding round.

The companies will jointly examine memory and storage performance across AI workloads and how they integrate into the broader infrastructure stack.

The agreement covers Micron’s full data center portfolio, including high-bandwidth memory, DRAM and solid-state drives to help meet Anthropic’s compute needs.

Micron Technology is also using Claude internally for coding and agentic applications.

Following the announcement, Micron's share price was up.

Micron has seen strong demand for its AI-related memory products amid the buildout of large-scale data centers.

The company continues to benefit from robust growth in high-bandwidth memory shipments as major AI developers expand their infrastructure capacity.