Updated 11 November 2026, 13:30 GMT, before the US market open. Micron (MU) closed Tuesday at $725.11, down 1.10 percent, and was indicated about 6 percent higher in Wednesday premarket trading (Seeking Alpha; Investing.com). Verdict: two new items arrived together – Anthropic named Micron among seven companies buying $26 billion of its stock in a private placement, and CoreWeave raised its 2026 revenue guide. The stock is still 42 percent below its 52-week high. Reference levels: $855 above, $656 below.
Key facts
- Tuesday close: $725.11, down $8.04 or 1.10 percent from Monday’s $733.15 (TradingView; CoinCentral). Tuesday’s range was $702.36 to $745.64 (Robinhood).
- Premarket: about 6 percent higher on Wednesday according to Seeking Alpha, and about 6.5 percent according to Investing.com. An earlier Benzinga read had the stock 1.5 percent higher at $736, so the move grew through the morning.
- Anthropic placement: Anthropic agreed with AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC that they will buy $26 billion of its Class N common stock in a private placement at the IPO price (CNBC, 10 November). CNBC did not give a figure for each company.
- Anthropic IPO terms: 825 million shares at $70 to $78, with pricing reported for 18 November and trading for 19 November (CNBC, citing people familiar with the details).
- CoreWeave: Q3 revenue of $3.66 billion, up 168 percent, and a 2026 revenue guide raised to $13.0 to $13.3 billion (TipRanks, 11 November).
- Goldman Sachs: James Schneider kept a Neutral rating and a $1,250 target on Tuesday, about 70 percent above recent prices (TipRanks, 10 November).
- Company guide: fiscal Q1 2027 revenue of $61.5 billion, plus or minus $1.5 billion, and non-GAAP EPS of $38.15, plus or minus $1.00 (Micron, 30 September results).
- 52-week range: $192.59 to $1,255.00.
What is moving Micron this morning
The first driver is Anthropic. Its updated IPO filing on Tuesday listed Micron among seven technology companies that agreed to buy $26 billion of Class N shares in a private placement at the offering price, according to CNBC. Those shares will not be registered in the offering and will not be subject to the underwriters’ lock-up agreements. The filing ties Micron’s name to the largest AI listing on the calendar, which matters for a memory maker whose shares have traded on AI demand all year. The IPO itself is covered on our Anthropic IPO date page.
The second driver is CoreWeave. The AI cloud provider reported Q3 revenue of $3.66 billion and lifted its 2026 forecast to $13.0 to $13.3 billion, while its revenue backlog reached $132.5 billion against $55.6 billion a year earlier, according to TipRanks. CoreWeave buys the GPU servers that use Micron’s high-bandwidth memory, so a stronger guide there reads through to memory demand. Our CoreWeave results page has the details.
TipRanks also pointed to South Korean trade data for the first 10 days of November, which showed chip exports up 331.2 percent to $16.6 billion. Nvidia and SK Hynix were higher in the same premarket session.
What the rebound has to repair
Micron fell 17.46 percent to $656.39 on 5 November, as investors worried that Democratic gains in the midterm elections could lead to limits on AI data-center construction. It regained ground on Monday with a 6.25 percent gain, then gave back 1.10 percent on Tuesday. Goldman Sachs put the decline over the past month at about 17 percent. Tuesday’s session is covered on our Tuesday Micron page.
A 6 percent premarket gain would put the stock near $769, which is still below the $795.23 close of 4 November and the $855.10 close of 3 November. Premarket prices often change by the open, and the regular session starts at 14:30 GMT.
What Goldman Sachs said
Schneider kept his Neutral rating but argued that the risk and reward had improved. He noted that Micron trades at about 4.2 times expected earnings and that adjusted free cash flow reached $33.2 billion last quarter, against $18.3 billion in the quarter before, according to TipRanks. His $1,250 target sits below the Street average of $1,624.42 that TipRanks reports, so the Neutral rating comes with one of the more modest targets.
A multiple near 4 times earnings shows that investors doubt today’s memory profits will last. That debate, and the longer-range targets, are set out on our Micron stock forecast page.
Micron stock: bull, base and bear
| Scenario | MU | What has to happen | Anchor |
|---|---|---|---|
| Bear | $656 | The premarket gain fades at the open, and worries about data-center limits return. | The $656.39 close of 5 November; about 9.5 percent below Tuesday’s close. |
| Base | $745-$795 | Micron holds most of the premarket move and trades back into last week’s range while the market waits for Nvidia’s results. | Tuesday’s $745.64 high and the $795.23 close of 4 November. |
| Bull | $855 | The Anthropic and CoreWeave news extends the chip rebound and Micron recovers all of last week’s fall. | The $855.10 close of 3 November; about 17.9 percent above Tuesday’s close. |
The bear case sits below the current price. These are reference levels measured from Tuesday’s close, not forecasts.
What to watch
- Today, 14:30 GMT: whether Micron holds its premarket gain once regular trading opens.
- $745.64: Tuesday’s high, the first level above.
- 17 November: Nvidia’s results, the next major reading on AI spending.
- 18-19 November: Anthropic’s reported pricing and first trading day. The private placement is priced at the IPO price.
- Micron’s calendar: a confirmed date for fiscal Q1 results. Outside calendars point to mid-December.
Quick take: Micron closed at $725.11 on Tuesday and traded about 6 percent higher before Wednesday’s open. Anthropic named it as one of seven buyers in a $26 billion private placement, and CoreWeave raised its 2026 revenue guide. The stock still has to clear $795 and $855 to undo last week’s fall, while $656 is the level below.
FAQ
What is Micron’s stock price today?
Micron closed at $725.11 on Tuesday 10 November. On Wednesday morning it was indicated about 6 percent higher in premarket trading, according to Seeking Alpha and Investing.com. The regular session opens at 14:30 GMT.
Why is Micron stock up today?
Two reasons were cited. Anthropic’s updated IPO filing named Micron among seven companies buying $26 billion of its stock in a private placement, and CoreWeave raised its 2026 revenue forecast to $13.0 to $13.3 billion.
Is Micron investing in Anthropic?
Yes. According to CNBC, Anthropic agreed with AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC that they will buy $26 billion of its Class N common stock at the IPO price. CNBC did not report how much each company will buy.
What is Goldman Sachs’ Micron price target?
$1,250, with a Neutral rating, reiterated on Tuesday 10 November, according to TipRanks. The Street average reported by TipRanks is $1,624.42. Price targets are not guarantees.
Why did Micron stock fall last week?
The stock fell 17.46 percent on 5 November as investors worried that Democratic midterm gains could lead to limits on AI data-center construction.
What are the key Micron levels?
The $656.39 close of 5 November below. Tuesday’s $745.64 high, the $795.23 close of 4 November and the $855.10 close of 3 November above. The 52-week high is $1,255.00.
Sources: CNBC, 10 November (Anthropic price range, share count, reported dates and private placement); TipRanks, 10-11 November (Goldman Sachs note, CoreWeave figures, Korean export data, average target); TradingView and CoinCentral (Tuesday close); Robinhood (Tuesday range); Seeking Alpha, Investing.com and Benzinga, 11 November (premarket moves); Yahoo Finance daily data, 3-9 November; Micron fiscal Q4 results, 30 September.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Stock prices are volatile. Do your own research and consult a licensed financial adviser before making investment decisions.
