Trump Just Called Micron (MU) Stock One of the “Hottest” Companies in the World
TLDR
- President Trump called Micron one of the “HOTTEST” companies in the world after it announced a $10 billion investment in new US research labs.
- Micron plans to invest the $10 billion over the next decade, focused on memory supply chain research.
- Trump said the investment, combined with Micron’s previous $250 billion commitment, will create tens of thousands of jobs.
- Micron Research Labs will bring together academia, government, the chip industry, and customers to advance semiconductor manufacturing.
- MU stock was down 0.8% in after-hours trading at the time of writing.
President Donald Trump took to Truth Social on Thursday to praise Micron Technology (MU) after the chipmaker announced a $10 billion investment in new US research labs.
Trump on $MU:
GREAT NEWS! Micron, one of the “HOTTEST” Companies in the World, just announced a MASSIVE 10 BILLION DOLLAR Investment in new Research Labs right here in America. They are keeping us at the absolute forefront of A.I. and Advanced Computing! 🇺🇸
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