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Micron Falls 4.2%, Breaches $1,000 Mark Despite Trump Praise on July 2

2026-07-02 15:06:54

According to BIT, on July 2, Micron (MU) fell 4.2% and breached the $1,000 mark amid a broader selloff in the memory chip sector, despite President Trump's two separate endorsements of the company today. The broader storage sector saw steep declines: SanDisk (SNDK) dropped 10.1%, while Western Data (WDC) and Seagate (STX) each fell 6.2%. Trump stated that Micron announced a historic $250 million investment in a Trump account and called it "one of the largest corporate investments of its kind," yet the stock failed to sustain gains from his remarks.

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