Micron stock falls despite Trump praise for $250 M donation to Trump Accounts

U.S. President Donald Trump publicly praised Micron Technology after the chip maker announced a $250 million contribution to the new "Trump Accounts" child‑savings program, which will provide a $1,000 government deposit to children born between 2025 and 2028 and launch on July 4. Trump also highlighted other donors such as Michael Dell and said he expected Elon Musk to donate SpaceX shares.

Despite the endorsement, Micron’s shares dropped more than 5 % on the day of Trump’s post, falling to $975.56 as broader weakness in technology stocks pressured the market. The decline was linked to profit‑taking in high‑growth tech names rather than the Trump announcement itself, and other semiconductor rivals like SK Hynix and Samsung also saw steep losses on Asian exchanges.