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Four parts: • A multi-year supply contract for HBM, DRAM and SSDs • Joint co-design of chip architecture for frontier AI • A strategic inve…

Four parts: • A multi-year supply contract for HBM, DRAM and SSDs • Joint co-design of chip architecture for frontier AI • A strategic investment in Anthropic’s Series H round • Claude rolled out across Micron’s own engineering and manufacturing They’re optimizing for “token economics” — the cost per unit of AI output. Straight from the Nvidia $NVDA playbook: lock in dedicated supply instead of buying commodity memory on the open market. Micron’s stock is up more than 10x in a year on AI memory demand.
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