Micron Gains 6.8% to Record High After Announcing Long-Term Supply Deal with Anthropic

According to reports, on Monday June 22, Micron Technology surged 6.8% to $1,211.38 per share, reaching an all-time high, after announcing a strategic partnership with Anthropic. The collaboration encompasses long-term supply of high-bandwidth memory (HBM), DRAM, and data center SSDs, as well as joint technology development and capital investment from Micron.

Under the agreement, Micron will supply Anthropic with critical memory and storage products to support the AI company's computational expansion over multiple years. The partnership extends beyond traditional procurement, with both companies jointly optimizing memory, storage, and computing systems to enhance efficiency across AI training and inference workloads. Additionally, Anthropic's Claude model has been deployed within Micron's internal operations for software development and manufacturing automation.