05:23 PM EDT, 08/13/2026 (MT Newswires) -- Micron Technology ( MU ) said Thursday it has launched a $250 million fund to invest in next-generation artificial intelligence companies and deepen its partnerships with AI innovators.

The Paradigm Fund will invest across the AI technology stack, covering model architectures, compute infrastructure, enterprise applications and physical AI, the company added.

Shares rose more than 1% in after-hours trading.