Trump AI Stake Plan Sends Micron and Chip Stocks Up 7% Premarket
MU•President Trump said his administration is exploring giving the American public a stake in major AI firms and plans a White House meeting with executives next week. The comments spurred premarket gains in chipmakers, with Micron and Marvell up 4–7% and Nvidia, AMD and Intel adding over 1%.
1. Proposal Details
President Trump said his administration is exploring a deal giving the American public an equity stake in leading AI firms and will convene a meeting with major AI executives at the White House next week to discuss partnership structures.
2. Market Reaction
Micron shares jumped between 4% and 7% in early premarket trading, alongside fellow chipmakers Marvell and AMD; Nvidia and Intel also recorded gains above 1% as markets responded to the potential shift in corporate governance for AI labs.
3. Implications for Micron
Analysts say a government partnership could alter Micron's capital structure and valuation metrics, though details on equity allocation, governance rights and potential regulatory review remain unsettled ahead of next week's discussions.
