Micron Stock Rises on Strategic AI Partnership and Analyst Upgrades
Micron Technology (NASDAQ:MU) stock climbed over 4% as it announced a strategic partnership with Anthropic to develop memory solutions for AI architecture. The deal includes Micron supplying high-bandwidth memory, DRAM, and SSDs while also investing in Anthropic's next funding round. Analyst upgrades from Bernstein SocGen Group and Needham raised price targets significantly, citing strong demand and pricing power.
Tickers: $MU