United States President Donald Trump has confirmed that Micron Technology, Inc. (Nasdaq: MU) invested $250 million in the Trump Accounts, also known as 530A Accounts.
In a post through this Truth Social account on July 2, President Trump reiterated his support for Micron following its investments in American children. Trump maintained bullish sentiment for MU stock following the announcement.
“Micron, a GREAT American Company, announced that they are putting in 250 Million Dollars into the Trump Accounts for the future benefit of children, and their stock went up 9 points today,” Trump noted.
Notably, the company unveiled an employee-matching benefit for contributions of up to $1,000 per child under 18. Additionally, the company announced it would provide a community benefit: a one-time $250 seed deposit for children with Trump Accounts where it operates, including Idaho, New York, Virginia, California, Colorado, Minnesota, and Texas.
“As America celebrates its 250th anniversary, this investment is about helping children build a strong foundation for future opportunity while supporting the workforce and communities that will shape U.S. semiconductor leadership,” Sanjay Mehrotra, Micron Chairman, President and CEO, stated.
The Trump Accounts were established under the Working Families Tax Cuts in 2025, which provided that any child born in the U.S. between January 1, 2025, and December 31, 2028, receives $1,000 from the government.
Micron stock performance amid Trump’s support
Although the company received renewed support from President Trump, its stock market continues to fall. Over the past five days, Micron Technology shares dropped over 20%, trading at about $985.50 at press time.
As such, Micron stock valuation declined to approximately $1.2 trillion at the time of reporting. Nevertheless, Micron Technology shares have rallied by more than 690% over the past 12 months, driven by the AI (Artificial Intelligence) boom.
The Micron stock valuation has declined over the past few weeks, especially after Mehrotra sold shares, as Finbold reported. Nonetheless, Wall Street analysts remain bullish on Micron stock, as Finbold highlighted, amid strong support from President Trump.
