Trump Praises Micron as 'Hottest' Company Amid NVIDIA's $279 Billion Memory Commitments
Former President Donald Trump praised Micron Technology (NASDAQ:MU) on Truth Social, calling it one of the world’s “hottest” companies a day after NVIDIA disclosed supplier purchase commitments had surged to $279 billion in Q2 fiscal 2027. The increase was largely driven by demand for memory tied to AI production and data centers. NVIDIA reported record revenue of $96.22 billion, with Data Center sales reaching $89.02 billion. CFO Colette Kress warned that memory prices are rising faster than expected due to scarcity caused in part by the rapid expansion of AI infrastructure. She noted supply constraints will persist into fiscal 2028. Micron also received attention for its recent announcement of a $10 billion AI memory research lab and a broader $250 billion U.S.-based manufacturing commitment through 2035, which Trump credited as part of his economic policies. Market reactions were mixed: Micron closed down on the session while SK Hynix rose slightly.
Tickers: $MU $NVDA $SKHYV $WDC
Topics: AI demand memory market Micron Technology NVIDIA stock price movement