Trump Just Mentioned Micron Stock, But Its Down 5% This Week
President Donald Trump praised Micron on Truth Social Thursday afternoon. He referred to as it one of many “hottest” corporations on this planet. Micron Technology (MU) inventory fell anyway.
The put up cheered a $10 billion analysis lab. Micron had introduced that lab a full week earlier. Traders had already moved on.
Micron Stock Was Falling Before Trump Posted
The market did just like the information when it was recent, as MU inventory jumped 3.97% on August 20, the day the plan went public.
Every acquire from that day is now gone. Here is how the inventory has traded since, in response to StockEvaluation data.
Shares traded at $918.75 as of this writing, roughly 5% under its weekly open. It additionally leaves Micron about 27% underneath its file high of $1,255.
The firm continues to be value about $1.04 trillion. Few shares fall this difficult whereas sitting on beneficial properties that giant.
What the Truth Social Post Left Out
Trump described the $10 billion as further to a earlier $250 billion pledge. Micron’s personal statement says in any other case. The lab sits inside that complete, not beside it.
That pledge has its personal historical past with this White House. Micron first put the quantity at $200 billion in June 2025, in a joint announcement with the administration. An organization filing cut up it into $150 billion for factories and $50 billion for analysis.
The similar submitting claimed 90,000 direct and oblique jobs. It additionally confirmed as much as $6.4 billion in federal CHIPS Act assist. Micron has since raised the headline determine to greater than $250 billion.
The new lab itself is sluggish cash, as building begins in 2027 and the $10 billion is unfold over a decade.
“America’s AI future shall be constructed on American-made reminiscence,” stated Sanjay Mehrotra, Micron chairman, president and chief govt officer.
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Analysts Stay Bullish While Memory Stocks Sell Off
The actual injury got here on August 24, three days earlier than the put up. MU dropped 5.83% that session. Rival SanDisk fell 6.45% on the identical day, so the promoting hit the entire reminiscence group.
Nvidia’s Q2 earnings landed on August 26. Revenue hit $96.2 billion, up 106% from a 12 months in the past. Yet the corporate guided next-quarter gross margin right down to 74% from 75%, per its results. Nvidia buys high-bandwidth reminiscence from Micron, so rising memory prices reduce each methods.
Meanwhile, Wall Street just isn’t nervous, as seen with a consensus of 31 analysts setting the 12-month goal at $1,556.55, roughly 69% above Thursday’s value. Of that group, 30 again a purchase and one says maintain.
Trump’s posts hold touchdown on the unsuitable days. He praised Micron on July 1 as properly. The inventory ended that month 15.5% decrease. Timing information pointed to rival catalysts when SpaceX stock moved after an identical put up.
The put up Trump Just Mentioned Micron Stock, But Its Down 5% This Week appeared first on BeInCrypto.