Memory chip giant Micron (MU) and the maker of the Claude generative AI platform, Anthropic, have inked a partnership wherein the latter will make use of the former's infrastructure to strengthen its memory supply. MU stock popped about 7% on the news but yesterday's “AI tech slump” wiped out those gains, for now at least.
That said, two things are not lost on anyone. First, there is a memory shortage around the world, and second, the competition among the likes of OpenAI, Alphabet's (GOOGL) (GOOG) Gemini, and Claude is fierce to be the leader in the AI market.