United States House Representative Ro Khanna has missed out on significant profits after selling shares of Micron Technology (NASDAQ: MU) shortly before the chipmaker staged one of the strongest rallies in the semiconductor sector this year.
According to filings made on May 11, 2026, Khanna sold between $1,001 and $15,000 worth of Micron stock on April 27. At the time, Micron shares closed at about $524.56.
By the close of trading on May 26, the stock had surged to $895, representing a gain of about 70.8% in less than a month since his trade. Over the same period, the broader S&P 500 gained just under 5%.
At the same time, Micron stock has climbed almost 200% year-to-date and more than 800% over the past year amid the broader AI-driven semiconductor rally. The surge pushed Micron into the $1 trillion market capitalization bracket.
The timing of Khanna’s sale is of interest because Micron was already widely viewed as one of the biggest beneficiaries of the AI boom before the latest rally accelerated.
Shares have surged on booming demand for AI infrastructure, particularly high-bandwidth memory chips used in systems powered by Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD).
The company has emerged as a major AI winner, with hyperscale data center demand reportedly pushing much of its 2026 capacity to sold-out levels.
Controversy over Congress trades
Khanna’s trade has also attracted scrutiny as Congress trades remain highly controversial. Lawmakers regularly receive policy briefings and industry information tied to sectors such as semiconductors, export controls, and CHIPS and Science Act funding.
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While there is no evidence of wrongdoing, critics say it is unusual for a lawmaker closely tied to the technology sector to sell shares in a leading AI chip company shortly before a sharp rally, renewing debate over congressional stock trading.
Ro Khanna has been one of Congress’s most active traders in recent years, with many transactions tied to tech and AI companies. His office has previously said financial advisors or family members manage some trades.
Notably, he is not the only lawmaker to trade Micron recently. Senator John Fetterman bought between $1,001 and $15,000 worth of Micron shares on March 30, 2026, near a short-term low around $322, with the position later gaining more than 120%.
Gilbert Cisneros also made multiple purchases that have since more than doubled, while Tony Wied recorded strong gains after buying in February.
As things stand, interest is in whether Micron can sustain the ongoing rally.
