Micron Jumps 5.5% on Anthropic AI Deal, Eyes $35.4B Q3 Revenue
MU•Micron jumped 5.5% after unveiling a multi-layered partnership with Anthropic, including co-design of AI-optimized memory subsystems, a multi-year supply agreement and a strategic equity investment. Investors await Wednesday’s Q3 report, with analysts forecasting $35.4 billion revenue, $20.40 EPS and 81% gross margin against tight HBM demand and DRAM pricing pressure.
1. Strategic Partnership with Anthropic
Micron signed a multi-layered partnership with Anthropic that includes joint design of AI-optimized memory and storage subsystems, a multi-year guaranteed supply agreement, a direct equity investment in Anthropic’s Series H round and deployment of Anthropic’s Claude models within Micron’s internal operations.
2. Upcoming Q3 Earnings Outlook
Analysts expect Micron’s fiscal third-quarter results to show approximately $35.4 billion in revenue, $20.40 earnings per share and about 81% gross margin, driven by tight demand for high-bandwidth memory, strong DRAM pricing and continued AI infrastructure spending.
