BUZZ-Micron hits record high after announcing partnership with Anthropic

Micron Technology, Inc.

Micron Technology, Inc.

MU

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** Micron Technology shares MU.O hit a record high, up 5.7% at $1,200.36

** Chipmaker announces strategic agreement with Anthropic to scale next-generation AI infrastructure

** Co and Claude AI-parent enter a memory and storage supply agreement; Micron also makes strategic investment in Anthropic

** Brokerages Needham and Bernstein raise their Price Target on the stock

** Needham says long-term contracts in the industry are giving chipmakers such as Micron better demand visibility, due to which investors might be comfortable paying a higher valuation

** 44 of 47 brokerages rate the stock "buy" or higher, two "hold" and one "sell"; their median PT is $1,130 - LSEG

** Up to last close, stock is up 297.3% YTD


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