The Kobeissi Letter|May 26, 2026 17:46
You can't make this up:
On May 22nd, ahead of the market's 3-day closure, President Trump said "Micron is great" and that the company could invest "over $100 billion" in New York.
Today, as markets reopened, Micron's stock, MU, surged +19%, adding +$150 BILLION in market cap in 1 day.
In just 12 months, the stock's value has gone from $70 billion to a record $1 trillion, adding +$930 billion.
Truly unprecedented.(The Kobeissi Letter)
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