Micron Tech Tokenized Stock Launches on Solana Amid AI Boom

The Solana blockchain has welcomed the tokenized stock of Micron Technology (MU) via Sunrise, allowing users to trade the digital tokens at any time on decentralized exchanges. This development comes as Micron is set to release its fiscal Q3 2026 financial report on June 24.

Micron's partnership with Anthropic has boosted its stock price, and the company's high-bandwidth memory supply for 2026 is already sold out due to strong demand in the AI sector. As a result, TD Cowen has increased its 12-month target for MU stock from $660 to $1,500.

The tokenized version of Micron shares will be issued by Backpack Securities and held in regulated custody. Users can withdraw their MU tokens for the underlying shares through the Backpack exchange or transfer them to traditional brokerage accounts.