finance
President Trump Comments on Micron Ahead of Market Holiday
President Trump stated on May 22 that Micron could invest over $100 billion in New York. The company's stock rose 19 percent when markets reopened on May 26.
May 26, 1:45 PM·1m read1 source
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President Trump said on May 22 that Micron is great and that the company could invest over $100 billion in New York. The statement came ahead of a three-day market closure. Markets reopened on May 26. Micron's stock rose 19 percent that day, adding $150 billion in market capitalization.
The same stock had a market value of $70 billion twelve months earlier. Its value reached a record $1 trillion after the latest gain, an increase of $930 billion over the year. The company was not identified by name in the original presidential remarks beyond the reference to Micron.
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