President Donald Trump recently took to social media and stated that Micron (MU) is “one of the hottest companies in the world.” Trump’s comments stems from the company announcing a $10 billion investment in the US, which is part of their larger $250 billion investment commitment. However, despite Trump’s endorsement, Micron’s (MU) stock price has remained more or less flat. Let’s discuss what’s going on and if the stock will make a move this week.
Micron Stock Price Fails To Rally Despite President Donald Trump’s Support
Micron’s (MU) stock price closed 0.27% (2.53 points) lower on Friday, August 28, 2026. The stock gained slightly in the after-market hours, rallying 0.10% (0.94 points). The figures show that the stock has remained more or less flat. The lack of movement, however, is not surprising, given the larger market context.
Micron’s (MU) lack of a rally despite President Donald Trump’s endorsement could be due to Federal Reserve Chair Kevin Warsh’s hawkish speech at the Jackson Hole meeting. Warsh repeatedly highlighted inflation risks, which has led many to believe that we may be heading for an interest rate hike. CME FedWatch data also shows a near 60% chance of a 25 basis point interest rate hike in September 2026. Micron’s (MU) stock price may be entering a sideways trajectory due to fears of higher interest rates.
Micron’s (MU) stock price could also be suffering due to increased Chinese competition. Apple recently began testing memory chips from ChangXin Memory Technologies (CXMT) for devices sold inside China. The move is to negate the global memory shortage.
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There is also a lot of talk about memory market potentially being at their peaks. The memory markets also tend to work in cyclical patterns. The ongoing supply shortage could be met over the coming months and memory stock prices could stagnate. Such a move could hamper Micron’s (MU) upswing that has taken the stock market by storm over the last year.