Micron Technology Invests in Anthropic to Scale AI Infrastructure

Micron Technology, Inc. entered a strategic agreement with Anthropic on June 22, 2026, to optimize AI infrastructure through collaborated memory and storage architecture design. The partnership focuses on high-bandwidth memory (HBM), DRAM, and SSDs to improve energy efficiency and token economics for Anthropic's Claude models. As part of the deal, Micron established a multi-year supply agreement to support the growth of Claude and made a strategic investment in Anthropic's Series H funding round.

In exchange for the investment and hardware collaboration, Micron is deploying Claude models across its engineering, manufacturing, and enterprise functions to accelerate coding and productivity. This agreement follows Anthropic's confidential filing for a U.S. initial public offering on June 1, after raising $65 billion in its Series H round, which valued the company at $965 billion.

The announcement sparked a rally in Micron stock, with analysts from Bernstein SocGen Group and Needham raising price targets to $1,300 and $1,550 per share, respectively. This growth is driven by a DRAM supply shortage and surging demand for AI training and inference hardware. SanDisk stock also rose 4.7% as investors anticipated a shift toward flash alternatives amid high DRAM pricing.