“How about this?” Trump wrote in a social-media post Thursday. “Micron, a GREAT American Company, announced that they are putting in 250 Million Dollars into the Trump Accounts for the future benefit of children . . . Thank you Micron!”
The memory-chip maker was falling early Thursday, down 4% at $990.3, after a sharp 10.6% drop in the previous session. The move came despite its rivals SK Hynix and Samsung tumbling in South Korean trading Thursday.
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Memory chips were once seen as an unglamorous business, but Micron is betting AI will change the game for good
Micron remains based in Boise, Idaho, and has survived multiple boom-and-bust memory cycles to become one of the world's top DRAM producers.
A little more than a year ago, Boise, Idaho, was known as a charming city boasting a tree-lined river greenbelt and a college football stadium with bright blue artificial turf.
Today, it's seen as a crucial hub of the artificial-intelligence boom.
Micron Technology $(MU)$ was founded nearly half a century ago in a dentist-office basement in Boise. Against a backdrop of fierce competition between U.S. and Japanese memory-chip firms, twin brothers Ward and Joe Parkinson, alongside Dennis Wilson and Doug Pitman, started the semiconductor-design company focused on dynamic random-access memory, or DRAM. Today, that technology underpins inference, or the running of AI models.
Micron remains based in Boise and has survived multiple boom-and-bust memory cycles to become one of the world's top DRAM producers, alongside South Korea's SK Hynix (KR:000660) and Samsung Electronics (KR:005930). The AI-driven surge in demand for DRAM has propelled Micron's stock to the forefront of a tech-heavy stock market, as AI spending shows no sign of slowing down and memory supply looks far from catching up. As one of the last strongholds of American chip making, Micron is not only crucial to the AI boom, but to the wider semiconductor supply chain - and the U.S.'s place in it.
In April 2025, Micron's stock was changing hands for $64.72, valuing the company at $72 billion, according to Dow Jones Market Data. Since then, the stock has soared by 1,407%, to $975.56 a share at Thursday's close, and Micron is now worth $1.1 trillion - making it the 10th-most valuable U.S. company.
Micron Technology (NASDAQ: MU) shares recently faced a downward pullback despite public praise from President Donald Trump and an announcement of a $250 million corporate commitment to federal "Trump Accounts".
Key Developments:
Corporate Investment: On June 30, 2026, Micron announced it would commit $250 million to the "Trump Accounts" child savings program, funding employee matches and seed deposits for children in its primary operating states.
Presidential Endorsement: President Trump publicly praised Micron on social media as a "Great" and "Hottest" company following the investment, while federal disclosures showed he also personally holds a substantial portfolio of MU stock.
Market Reaction: Despite the presidential backing and a previously strong run in 2026, MU shares dropped roughly 10% in early July alongside a broader semiconductor and tech-sector selloff.
Stock Performance: MU stock trades around the $975 to $1,000 range, significantly up year-to-date, but remains highly volatile as investors weigh the broader AI-driven memory chip cycle.