Trump’s Praise for Micron: A Love-Bomb that Raises Questions

It’s nice to have friends in high places, and they don’t get much higher than the White House. Just ask Micron, the Idaho-based memory and storage solutions giant, which earned praise from President Donald Trump in back-to-back statements this week for supporting one of his favorite programs.

On July X, Trump took to social media to announce a historic $250 million investment by Micron in the Trump Accounts, aimed at benefiting children in the future. This move, according to Trump, would make ‘many children extremely happy some day in the not too distant future.’

Within 24 hours, Trump followed up with another pat-on-the-back post for Micron, highlighting the company’s stock increase of 9 points on the day of the announcement. The online bouquets, however, didn’t seem to do much for Micron shares overall, which are down 14.36% in the past five days, even as the stock is up 209% year to date.

The Power of Presidential Approval

While presidents traditionally shy away from discussing specific publicly traded U.S. companies, Trump isn’t cut from the same cloth. In his two terms in office, Trump has spoken positively and negatively about companies like Apple, Nvidia, Intel, Boeing, and Amazon.