Micron (NASDAQ:MU) faces $1 trillion in AI as earnings, Anthropic deal, options trades hit
Micron shares plunged 11% after a record close as investors cut exposure ahead of Wednesday’s earnings, a key test of AI data-center demand; options traders expect a 10% post-report swing, with Wall Street focused on whether Micron can sustain gross margins above 80% and secure ongoing supply deals like its new Anthropic partnership.