Analysts are bullish and raising earnings estimates as shares hit new all-time highs.
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The rocket company’s shares fell 16% amid reports it plans to sell at least $20 billion in bonds. The tech-heavy Nasdaq composite fell 1.3%, while the Dow rose 0.3%.
Micron's stunning performance this year could be about to get even better, with traders expecting a big move from the memory chipmaker's stock after its quarterly results.
Micron Technology said on Monday it has signed an agreement with Anthropic that includes supply of memory and storage products, and a strategic investment in the IPO-bound AI company's latest funding round. AI developers are racing to secure critical components for increasingly expensive data-center buildouts, while memory makers look to tap into the soaring demand for high-bandwidth memory and storage used in training and running advanced AI models. "Our compute strategy depends on getting every layer of the stack right, and memory and storage are central to how efficiently we can train and serve Claude," said Tom Brown, Anthropic's co-founder and chief compute officer.
Micron stock is trading in record high territory as the memory-chip maker benefits from huge demand from AI data centers.
Micron shares are now trading on Solana, and unlike on Wall Street, the market never closes. Sunrise and Backpack Securities have tokenized Micron (NASDAQ: MU) stock and brought it live on Solana on June 22, just two days before the chipmaker reports its fiscal third-quarter earnings. ...
(Bloomberg) -- Alphabet Inc. shares tumbled on Monday following the departure of another high-profile artificial intelligence leader to a rival.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenIranian Negotiators Said to Still Be Engaged in Talks With USMeta Taps New WhatsApp Boss as Part of $900 Million InvestmentIran Cites ‘Major Progress’ After All-Night Talks With USThe stock fell as much as 7.2%, t
Micron’s recent rollout follows Backpack's tokenized SpaceX launch, which the firm said surpassed 10,000 holders and $350 million in on-chain volume.
Micron stock jumped nearly 5% after a strategic AI deal with Anthropic landed two days before its earnings report.
Stephanie Roth, chief economist at Wolfe Research, argued on a CNBC Morning Call that the AI capex cycle has runway, geopolitical risk is being absorbed by the stock market, and the Federal Reserve can stay patient despite sticky inflation. Her view sets the tone for a week hinging on Micron Technology (NASDAQ:MU) earnings, Iran negotiations, ... AI Momentum Outweighs Iran Risks and Fed Concerns, Says Chief Economist

Memory chipmaker Micron Technology (MU) announced a new AI infrastructure partnership with private developer Anthropic (ANTH.PVT). Yahoo Finance Tech Editor Dan Howley weighs in on this headline while outlining Wall Street forecasts on Micron's latest earnings. Micron is set to report fiscal third quarter earnings results this Wednesday, June 24.
Memory giant Micron (MU) will report its third quarter earnings after the bell on Wednesday, providing another update on the broader AI build-out.

Memory giant Micron (MU) will report its third quarter earnings after the bell on Wednesday, providing another update on the broader AI build-out.
Wall Street enters the final full week of June with investors juggling inflation, artificial intelligence and the health of the banking sector. After last week's Federal Reserve meeting under new Chair Kevin Warsh, attention now shifts to a busy slate of economic data, corporate earnings and...
Investing.com -- Micron Technology (NASDAQ: MU) caught a massive tailwind on Monday, with shares jumping 5.5% after the memory-chip giant unveiled a deep strategic partnership with AI heavyweight Anthropic. The surge comes as a perfect appetizer for investors just days before Micron’s highly anticipated Wednesday earnings report.
Micron Technology (NASDAQ:MU) stock is up about 6% in Monday morning trading to around $1,199, leading a broad memory and storage rally into the company’s Wednesday earnings report. Western Digital (NASDAQ:WDC) stock is also up by about 6% to around $788, while SanDisk (NASDAQ:SNDK) stock is up 5% to around $2,294. The group is resisting ... Micron and Western Digital Rise 6%, SanDisk Gains 5% as Memory Stocks Rally Into Micron’s Earnings
Micron Earnings Loom as Wall Street Bets on Another AI-Fueled Blowout
BlackBerry also ranks highly before upcoming report
Micron led the rest of the chip complex higher on Monday after signing a supply deal with Antrhopic and ahead of the memory chipmaker's earnings this week.
Micron led the rest of the chip complex higher on Monday ahead of the memory chip maker's earnings this week.
US futures were pointing higher at the start of the week as investors return from the Juneteenth holiday weekend, with technology stocks expected to lead gains despite lingering uncertainty over the Middle East and the prospect of further Federal Reserve tightening. Dow Jones futures were up...
U.S.-Iran talks continue in Switzerland, housing is out of its deep freeze, the next hot quantum stock is an AI data center play, and more news to start your day.
Micron earnings and PCE data headline a busy week for investors.
SK Hynix shares rose 5.6% in Seoul trading on Monday, pushing its market capitalization to $1.35 trillion.
