President Trump praised Micron Technology on Truth Social on July 1, calling it one of the hottest companies in the world and congratulating CEO Sanjay Mehrotra. The company committed $250 million to Trump Accounts, a savings initiative for American families, and raised its planned U.S. manufacturing investment to more than $250 billion through 2035, a program Micron projects will create more than 90,000 jobs. Mehrotra also announced $10 billion for Micron Research Labs over the next decade to address AI memory supply challenges. Despite the announcements, Micron shares fell approximately 10.67% that day, after rising about 180% in 2026, including a 75% gain in May. The stock had reached a $1 trillion market capitalization amid strong demand for AI memory products. Micron is one of three major global DRAM manufacturers, alongside Samsung and SK Hynix. Its expanded U.S. production plan aligns with the 2022 CHIPS Act and efforts to reduce reliance on advanced chip manufacturing in East Asia. The company projects $100 billion in cumulative floor-price revenue, with about 25% of revenue linked to AI-related agreements, and expects AI memory demand to remain strong enough for memory bottlenecks to constrain AI deployment for the foreseeable future.