--- title: "Micron (MU) Stock Is Trending Pre-Market: Here’s What You Should Know" type: "News" locale: "en" url: "https://longbridge.com/en/news/305142444.md" description: "Micron (MU) shares rose 1.5% in pre-market trading to $736 as the company joined a $26 billion investor group backing Anthropic's upcoming IPO. Major tech firms including Nvidia, Alphabet, AMD, Broadcom, and Microsoft are committing significant funds via private placement. Additionally, Goldman Sachs reiterated a $1,250 price target for Micron with a Neutral rating, despite recent stock declines driven by election-related fears." datetime: "2026-11-11T08:29:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/305142444.md) - [en](https://longbridge.com/en/news/305142444.md) - [zh-HK](https://longbridge.com/zh-HK/news/305142444.md) generator: "portal-rs" --- # Micron (MU) Stock Is Trending Pre-Market: Here’s What You Should Know **Micron Technology Inc.** (NASDAQ:MU) shares are trending on Wednesday. Shares of the Idaho-based semiconductor company edged 1.5% higher to $736 in pre-market trading. ## **Micron Joins $26 Billion Anthropic IPO Investor Group** The move followed **Anthropic**’s updated IPO prospectus Tuesday. It showed Micron is among seven tech companies that have agreed to buy a combined $26 billion of its stock. The purchases will occur through a private placement right after the IPO. **Nvidia Corp.** (NASDAQ:NVDA) and **Alphabet Inc.** (NASDAQ:GOOG) (NASDAQ:GOOGL) are each committing $10 billion. **Advanced Micro Devices Inc.** (NASDAQ:AMD) is investing $2.5 billion. Micron, **Broadcom Inc.** (NASDAQ:AVGO) and **Microsoft Corp.** (NASDAQ:MSFT) are each pledging $1 billion. TSMC Partners, an affiliate of **Taiwan Semiconductor Manufacturing Co.** (NYSE:TSM), will invest $500 million. Anthropic is expected to make its stock market debut on Nov. 19. It is offering 825 million shares at a price of $70 to $78 each. The offering could raise up to $64.35 billion at the high end of the range. **Read Also: Nvidia Stock (NVDA) Is Trending After Hours As Analysts Cut Price Targets Amid CEO Probe: Here’s What You Should Know** ## **Goldman Sachs Reiterates $1,250 Micron Price Target** On Tuesday, **Goldman Sachs** (NYSE:GS) analyst **James Schneider** reiterated a $1,250 price target on Micron, implying roughly 70% upside. He kept a Neutral rating on the stock, according to a report by BigGo Finance. Micron shares have fallen more than 15% over the last five days. Investors fear a Democratic win in the midterm elections could slow the build-out of AI infrastructure. That could reduce orders for Micron’s memory chips. ## **Trading Metrics, Technical Analysis** Micron has a market capitalization of approximately $820.41 billion. Its stock has traded between a 52-week high of $1,255 and a 52-week low of $192.59. MU has a Relative Strength Index (RSI) of 35.82. Over the past 12 months, the stock has gained 186.27%. **Price Action:** On Tuesday, Micron stock closed at $725.11, down 1.10%, according to Benzinga Pro data. **See More: Top Value Stocks** ***Disclaimer:*** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.* *Photo courtesy: Shutterstock* ### Related Stocks - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [MUD.US](https://longbridge.com/en/quote/MUD.US.md) - [MULL.US](https://longbridge.com/en/quote/MULL.US.md) - [MUU.US](https://longbridge.com/en/quote/MUU.US.md) - [MUZ.US](https://longbridge.com/en/quote/MUZ.US.md) - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [AVGO.US](https://longbridge.com/en/quote/AVGO.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [TSM.US](https://longbridge.com/en/quote/TSM.US.md) ## Related News & Research - [Donald Trump's investment team sold Micron. Here's what investors should know before following the money.](https://longbridge.com/en/news/304732629.md) - [Could buying Micron stock today help set you up for life?](https://longbridge.com/en/news/304463837.md) - [Why Micron Technology stock gained on Monday](https://longbridge.com/en/news/304926401.md) - [Throwback to when AI demand fueled Micron's growth](https://longbridge.com/en/news/304741642.md) - [Micron Technology (MU) Is Pushing Deeper Into AI Infrastructure](https://longbridge.com/en/news/305114553.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**