US President Donald Trump mentioned Micron Technologies in a rally in New York City on May 22, 2026. The President praised the company for investing more than $100 billion in Clay, New York. He explicitly dropped the company’s name at the rally, making it heard across Wall Street and the entire country as a whole. Micron stock rallied nearly 19% the next trading session after he spoke about it in the NYC campaign rally.

Trump was referring to Micron’s massive commitment to build the largest semiconductor fabrication facility in the US over the next 20 years. The move would boost domestic manufacturing and spur economic growth over the next two decades. He told the crowd, “Micron, boy, Micron’s great, they’re investing hundreds of billions.” Micron’s stock skyrocketed thereafter and reached $1 trillion in market cap by the end of May.

Also Read: How Much a $500 Investment in Micron Stock One Year Ago Is Worth Now

What Was Micron Stock’s Price Before Trump Publicly Mentioned It?

Micron stock closed at $751 on Friday, May 22, and that was before Trump mentioned its name at the rally. The same evening, he praised the company for its $100 billion investment, but the weekend and May 25 were a Federal holiday for Memorial Day, and the markets remained closed.

However, when the market opened on Tuesday, May 26, Micron stock jumped 19.3% and closed the day’s trade at $895.88. MU remained in the green that week, and unusually massive call options volumes were detected. The same day, global investment bank UBS raised MU’s price target to $1,625.

Micron stock also opened on Friday’s bell at $923 and had reached a yearly high of $954. It spiked 5.14% on Friday, rising 47.48 points. Several other Wall Street giants revised their price targets for MU with a major upward trajectory. In conclusion, Micron stock has risen 29.3% after Trump mentioned it at the rally in New York City. Both retail investors and institutional funds have been making a beeline to accumulate MU.