{"id":2950,"date":"2026-07-02T16:43:26","date_gmt":"2026-07-02T16:43:26","guid":{"rendered":"https:\/\/retrotradingreport.com\/index.php\/2026\/07\/02\/micron-stock-extends-decline-despite-trumps-praise-and-bullish-analyst-views\/"},"modified":"2026-07-02T16:43:26","modified_gmt":"2026-07-02T16:43:26","slug":"micron-stock-extends-decline-despite-trumps-praise-and-bullish-analyst-views","status":"publish","type":"post","link":"https:\/\/retrotradingreport.com\/index.php\/2026\/07\/02\/micron-stock-extends-decline-despite-trumps-praise-and-bullish-analyst-views\/","title":{"rendered":"Micron stock extends decline despite Trump’s praise and bullish analyst views"},"content":{"rendered":"
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Micron Technology (MU) shares extended their recent decline on Thursday, falling 4% after tumbling 10% in the previous session,<\/a> as broader weakness across technology stocks continued to weigh on semiconductor names.<\/p>\n

The latest decline came despite public praise from President Donald Trump and a bullish outlook from Mizuho Securities, highlighting how investors remained focused on the broader selloff in high-growth technology stocks.<\/p>\n

Micron shares have still posted exceptional gains this year, rising 219% in 2026 despite the recent pullback.<\/p>\n

Tech selloff overshadows Trump’s endorsement<\/h2>\n

Earlier this week, Micron announced a $250 million investment in Trump Accounts, tax-advantaged savings accounts for children under the age of 18. <\/p>\n

Under the program, children born between 2025 and 2028 will receive a $1,000 deposit from the US Treasury Department.<\/p>\n

Following the announcement, President Donald Trump praised the company in a post on Truth Social.<\/p>\n

“Micron, a truly GREAT American Company, and one of the ‘HOTTEST’ anywhere in the World, has announced a HISTORIC $250 MILLION Investment in TRUMP ACCOUNTS,” Trump wrote.<\/p>\n

Despite the endorsement, Micron shares continued to decline as investors rotated out of semiconductor stocks. <\/p>\n

The weakness was part of a broader technology selloff that has affected many of the year’s strongest performers.<\/p>\n

Global semiconductor weakness pressures memory stocks<\/h2>\n

The pressure on Micron coincided with a sharp decline in South Korea’s stock market, where technology shares led losses.<\/p>\n

South Korea’s KOSPI index dropped 7.9% on Thursday as the technology selloff spread beyond US markets.<\/p>\n

Major memory chip manufacturers SK Hynix and Samsung Electronics, two of Micron’s largest competitors, declined 14.6% and 9.1%, respectively.<\/p>\n

Although the selloff has been significant, both Micron and the broader South Korean market have delivered strong gains this year.<\/p>\n

The KOSPI remains up 81% in 2026, compared with a 9.3% gain for the S&P 500 over the same period.<\/p>\n

Mizuho maintains bullish long-term outlook<\/h2>\n

Despite the recent volatility, Mizuho Securities continues to view Micron as its preferred investment among leading semiconductor companies.<\/p>\n

Mizuho Securities put out its top picks for July on Thursday which featured Robinhood and Oracle. <\/p>\n

Analyst Vijay Rakesh maintained an Outperform rating on the stock with a price target of $1,375.<\/p>\n

According to Mizuho, Micron delivered its strongest quarterly stock performance on record during the second quarter, with shares gaining 242%, even though the stock declined following its third-quarter earnings report.<\/p>\n

Rakesh said demand for memory products is expected to remain strong through 2027, supported by continued investment in artificial intelligence infrastructure.<\/p>\n

“We see MU and other key memory suppliers all seeing strong near-term tailwinds, driven mostly by AI demand,” Rakesh wrote.<\/p>\n

He also said Micron is expected to remain a “key winner” in the memory semiconductor industry.<\/p>\n

The recent pullback underscores the volatility surrounding semiconductor stocks after a powerful rally earlier this year. <\/p>\n

While investors have taken profits across the technology sector, analysts continue to point to long-term demand for AI-related memory products as a supportive factor for Micron’s business outlook.<\/p>\n

The post Micron stock extends decline despite Trump's praise and bullish analyst views<\/a> appeared first on Invezz<\/a><\/p>\n

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Micron Technology (MU) shares extended their recent decline on Thursday, falling 4% after tumbling 10% in the previous session, as broader weakness across technology stocks continued to weigh on semiconductor names.The latest decline came despite public praise from President Donald Trump and a bullish outlook from Mizuho Securities, highlighting how investors remained focused on the…<\/p>\n","protected":false},"author":1,"featured_media":2951,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/2950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/comments?post=2950"}],"version-history":[{"count":0,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/2950\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media\/2951"}],"wp:attachment":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media?parent=2950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/categories?post=2950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/tags?post=2950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}