Trump Just Called Micron the ‘Hottest’ Company in the World. The Market Yawned and Dumped It 10% - Yahoo Finance

Despite President Trump's public praise of Micron Technology as 'one of the hottest companies in the world' on Truth Social, the stock dropped by 10.67%, highlighting market skepticism toward overvalu... Read original →

Trump’s endorsement of Micron backfired, triggering a >10% sell-off that reveals deep market skepticism toward inflated memory valuations. Technically, while AI-driven HBM3e/HBM4 demand benefits Micron, its 3nm DRAM lags Samsung and SK Hynix by 6–9 months in EUV yield maturity, undermining high-end supply. Compliance-wise, U.S. CHIPS Act restrictions inflate hidden costs for Micron’s India/Japan expansions and heighten supply chain fragility amid tightened capacity controls in Taiwan, China. Rivals like Western Digital and Kioxia are fast-tracking QLC NAND integration for edge-AI storage, while NVIDIA locks in Samsung with custom memory interfaces, eroding Micron’s leverage. Over the next 12–24 months, the memory sector faces brutal consolidation: capex will concentrate among leaders, forcing second-tier players out of advanced nodes—proving political cheerleading is noise when fundamentals falter.