President Donald Trump wrote on social media: "How about this? 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!" Yet the memory-chip maker's stock fell 5.5% on Thursday to close at $975.56.
Micron's share price decrease was unrelated to the president's approval. It came from a widespread selloff in the technology sector.
Since the start of the year, Micron is still up 240%. The company hit 37 record closing highs in the first half of 2026.
Trump Accounts are a new government program. Each child born between 2025 and 2028 gets $1,000 deposited from the U.S. Treasury. The accounts officially launch on July 4. Micron's $250 million investment will support those deposits.
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The administration's Trump Accounts program is a flagship savings plan that gives newborns a financial base, but only those born within a set enrollment period. Micron's $250 million contribution is among the first large corporate pledges to the fund, drawing praise from the president. For Micron, the donation aligns with its broader corporate citizenship efforts, though the company's stock performance remains tied to global semiconductor demand rather than political goodwill.
The memory-chip market has faced volatility recently due to shifting demand from data centers and consumer electronics. Despite the current pullback, Micron's year-to-date gain of 240% reflects strong fundamentals, including robust sales of high-bandwidth memory used in artificial intelligence applications. The company's 37 record closing highs in the first half of 2026 underscore its market leadership.
The broad tech selloff was driven by profit-taking after a sustained rally, with the Philadelphia Semiconductor Index falling 4.2% on the day. Analysts noted that Micron's fundamentals remain strong, supported by robust demand for memory chips used in artificial intelligence, though short-term volatility is expected given the sector's recent run-up and concerns over potential export restrictions.
The weakness spread overseas. Micron's competitors in South Korea saw even steeper drops.
SK Hynix stock fell 14.6% on Thursday. Samsung Electronics dropped 9.1%.
South Korea's main stock index, the KOSPI, sank 7.9% that day. Despite the plunge, the KOSPI is still up 81% year-to-date in 2026.
Back in the U.S., Intel shares fell 5.3% and Nvidia dropped 1.4%. The broader S&P 500 index is up 9.3% for the year.
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