Trump Just Called Micron the 'Hottest' Company in the World. The Market Yawned and Dumped It 10% - 24/7 Wall St.

Despite President Trump's public praise of Micron Technology as 'the hottest company in the world' on Truth Social, the stock dropped by 10.67%. This rare occurrence highlights market skepticism towar... Read original →

Trump’s endorsement of Micron backfired, revealing deep market skepticism over memory valuations. Technically, the HBM3E-to-HBM4 transition intensifies TSV and stacking bottlenecks—Micron lags Samsung by at least one generation in advanced packaging despite NVIDIA alignment. Compliance-wise, CHIPS Act mandates inflate CapEx through forced U.S. capacity localization, while constraints on mature-node output from Taiwan, China erode cost leverage. Rivals are circling: Samsung expands HBM dominance in AI servers, while Western Digital and Kioxia accelerate QLC NAND consolidation. Over the next 12–24 months, without breakthroughs in CoWoS compatibility or CPO integration, Micron’s 'AI memory' narrative risks collapse, triggering sustained multiple compression.