Trump Said "Micron's Great" On May 22. The Stock Is Up 20% Today.

Micron Technology rose sharply after UBS analyst Timothy Arcuri raised the company’s price target to $1,625 from $535. The revised model projects earnings forecasts through 2029 above $100 EPS, supported by long-term memory supply agreements with hyperscalers. Micron’s fiscal Q1 2026 revenue reached $13.64 billion, up 57% year over year, and non-GAAP EPS of $4.78 beat estimates. Management guided Q2 FY2026 revenue to $18.7 billion and non-GAAP gross margin of 68%. The Cloud Memory unit nearly doubled to $5.28 billion with 66% gross margin. A separate note links Trump’s prior public praise to subsequent stock strength, but the immediate driver is the analyst update.

"Arcuri's revised model reportedly carries earnings forecasts through 2029 above $100 in EPS, anchored to long-term memory supply agreements with hyperscalers. That fundamental thesis is what moved Micron stock today. The underlying numbers support the bullish case. Micron's fiscal Q1 2026 revenue came in at $13.64 billion, up 57% year over year, with non-GAAP EPS of $4.78 beating estimates handily. Management guided Q2 FY2026 revenue to $18.7 billion with non-GAAP gross margin of 68%, numbers that read more like an AI infrastructure pure-play than a cyclical memory house."

"The proximate catalyst is UBS analyst Timothy Arcuri's price target raise to $1,625 from $535, a thesis our morning coverage detailed in Micron Jumps 12% After Price Target Raise From $535 to $1,625. That said, the pattern of Trump-praised stocks subsequently performing well is real enough to discuss. It's worth observing carefully, with the caveat that correlation isn't causation and selection bias is a constant risk."

"The detailed SEC press release shows that Micron's Cloud Memory unit nearly doubled to $5.28 billion at a 66% gross margin. Micron stock is up 20%, trading around the $902 area and pushing the company's market capitalization above $1 trillion. On Friday May 22, President Trump publicly praised Micron Technology with three words: "Micron is great.""

"Other names Trump has publicly engaged with have performed well in 2026. Dell Technologies, a major memory customer of Micron's AI server business, is up 168% over the past year, supported by $64 billion in AI server orders in FY26 and a politically friendly backdrop for U.S. data center buildout. Intel is the more dramatic example. Intel stock is up 483%"

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