Trump Calls Micron One of the World’s “Hottest” Companies a Day After Nvidia Disclosed $279 Billion in Supplier Commitments Quick Read – Trump called Micron ‘hottest’ one day after NVIDIA disclosed $279 billion in memory commitments, while Trump personally holds up to $6.65…
llion in MU stock. – Western Digital dropped 4% on the session while SK Hynix gained 1%, as NVIDIA’s CFO warned memory prices will keep rising into fiscal 2028. – On Wednesday afternoon at 2:31 PM, President Trump wrote on Truth Social that Micron Technology (NASDAQ:MU) was “one of the ‘HOTTEST’ Companies in the World” and congratulated CEO Sanjay Mehrotra. On Tuesday evening, NVIDIA (NASDAQ:NVDA) filed its fiscal second quarter results and disclosed supplier purchase commitments had jumped to $279 billion, from $119 billion the prior quarter, primarily for memory procurement tied to Vera Rubin production
What NVIDIA Disclosed NVIDIA’s Q2 fiscal 2027 revenue reached $96.22 billion, up 105.85% year over year, with Data Center revenue of $89.02 billion. Purchase obligations sit at $279 billion, with a separate $108.5 billion in guarantee obligations for AI cloud and data center partners. CFO Colette Kress stated: “we are experiencing extreme pricing conditions in memory.
The magnitude of the price increase has exceeded our prior expectations and are headed even higher into next year.” She added that “Memory scarcity today is being driven in large part by the AI build-out itself” and that NVIDIA has “longstanding, deep relationships with all three major memory suppliers.” Fiscal 2028 will be supply constrained, with growth of roughly 70% against customer forecasts that “point to our growth doubling next year.” Gross margins bottom at 71% to 72% in Q4 before settling at 72% to 73% in fiscal 2028. What Trump Praised Trump’s post celebrated Micron’s $10 billion AI memory research lab, announced in Boise, Idaho, on Aug. 20, 2026, a week prior. He described it as “just announced” and paired it with…