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Micron Shares Jump 19% After President Trump Praises Company, Post Says

Micron Shares Jump 19% After President Trump Praises Company, Post Says

A social media post says Micron stock rose 19% when markets reopened after a three-day closure, after President Trump said on May 22 that the company was "great" and could invest more than $100 billion in New York.

Fact Check
Independent outlets (CNBC, Reuters, WSJ, Barron's) confirm Micron crossed a $1 trillion market cap on May 26, 2026 with a large single-day surge. CNBC's headline cites 18%, Barron's intraday data shows +16.8%, and the Kobeissi Letter post claims +19% — consistent within intraday/closing variation. The Trump 'great' / 'over $100 billion' New York remark on May 22 aligns with prior coverage of Micron's $100B New York chip-fab investment plan. Minor discrepancy on the exact percentage (18% vs 19%) does not undermine the core claim.
Summary

According to the provided post, President Trump said on May 22, ahead of a three-day market closure, that Micron was "great" and that the company could invest "over $100 billion" in New York. The same post says that when markets reopened, Micron shares rose 19%, adding $150 billion in market capitalization. The source presents the move as a sharp equity market reaction tied to comments about a potential large-scale corporate investment. No independent confirmation, company statement, or regulatory filing is included in the provided content.

Terms & Concepts
  • Market capitalization: The total value of a company’s outstanding shares, commonly used to measure a listed company’s size in public markets.
  • Equity market: The market where publicly traded company shares are bought and sold, with prices moving based on earnings, news, and investor expectations.
  • Corporate investment: Company spending on facilities, equipment, or expansion projects that can affect growth expectations and stock valuations.