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Tech stocks were mixed in early trading Monday as questions continued to loom over the US-Iran peace deal.

On the artificial intelligence front, memory giant Micron (MU) will report its third quarter earnings after the bell on Wednesday, providing another update on the broader AI build-out. On Monday, the company announced a strategic agreement with Anthropic, in which the memory maker will supply Anthropic (ANTH.PVT) with both memory and storage chips to support its data center goals.

Shares of SpaceX (SPCX), meanwhile, fell in early trading Monday, after closing out the holiday-shortened week lower on Thursday.

Intel (INTC) stock continued to climb after President Trump posted on Truth Social last week that the company is working with Apple (AAPL) to build chips for the iPhone maker.

Alphabet stock (GOOG, GOOGL) fell nearly 6% after the Wall Street Journal reported that the company is investing $75 million into independent film studio A24.

According to the Journal, Google and A24, the studio behind movies such as "Backrooms" and "Marty Supreme," are teaming up to create new tools for movie production and distribution using Google's DeepMind AI unit.

The investment marks Google's first stake in a movie studio and comes as other entertainment companies, including Disney (DIS) and Netflix (NFLX), have toyed with AI deals, despite Hollywood's general reluctance to embrace the technology.

SpaceX (SPCX) stock fell again on Monday, now poised for three straight down days after a massive run-up following its IPO earlier this month. SpaceX also confirmed its first-ever bond issuance in a filing.

SpaceX shares were down another 9% in early trade on Monday, following a 3.6% drop on Thursday (US markets were closed on Friday for the Juneteenth national holiday) and a 5% drop on Wednesday. The three-day losing streak caps a big pop in the stock following its IPO and first day of trade on June 12th.

Also on Monday morning, SpaceX confirmed its first-ever bond sale in a filing. Although the company did not disclose the size of the bond offering, it confirmed that it "intends to use the net proceeds from the Notes offering to repay the outstanding borrowings under its bridge loan facility in full" and to cover other related fees and expenses. Bloomberg reported late last week that SpaceX was prepping an offering in the $20 billion range.

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Yahoo Finance’s Ines Ferré reports:

Micron Technology (MU) stock surged nearly 5%, putting the memory chipmaker on pace to hit a fresh record on Monday ahead of its earnings this week. The rest of the chip complex was poised to climb to new highs, including memory and storage maker Sandisk (SNDK).

Micron stock jumped, along with the rest of the chipmaker space, as investors awaited the company's results on Wednesday, providing a bellwether for memory demand in AI inference.

UBS analyst Melissa Weathers recently raised the bank's price target for Micron to $1,500 per share, as demand for DRAM — the type of memory used for data centers, servers, and smartphones — is "still set to vastly outpace supply growth in the coming years, driven by more memory-intensive AI workloads."

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