US Senator John Fetterman is the latest insider trader in Washington, where the mission has been, as you know, to “make crime great again” since Trump retook the White House on that fateful day on January 20, 2025.
On March 30, 2026, Fetterman purchased Micron (MU) shares through a family-linked account under his son’s name, then reported it on April 3 through an SEC filing that placed the purchase between $1,001 and $15,000.
That certainly sounds like a small amount for Congress, until you hear that four weeks later, the stock is up more than 60%, with another 5% gain in Monday’s session.
Micron sells memory chips used in AI servers, cloud data centers, advanced computing systems and advanced electronics.
Fetterman is overseeing chip policy while Micron is collecting the largest CHIPS Act grant
Fetterman is a member of the Senate Commerce Committee, where lawmakers are responsible for technology, innovation, supply chains and oversight of the CHIPS Act.
Coincidentally, just three days ago, Micron received $6.1 billion through the same CHIPS Act, making it the largest grant under that program.
Micron He spent years lobbying in Washington on domestic chip manufacturing, supply chain integrity, and federal support for American factories, along with a healthy dose of investment backed by taxpayer money from Uncle Sam.
Meanwhile, Wall Street firm Melius Research opened coverage of Micron (MU) with a buy call and a $700 two-year target, which is about 41% above its current price of $520. The stock has already risen 533% over the past year, according to data from TradingView.
“The market will eventually be willing to pay more for the extraordinary robustness of margin and order profiles that AI enables,” said Ben Retzes of Milius. Penn also said he expects Nvidia (NVDA) to spend more on memory soon, adding: “We’re in the early stages of this AI cycle and the need for memory has never been stronger.”
Micron presses Congress on China while Sanjay expands its factories in three locations
Micron is now trading at a record high, with its market capitalization approaching $600 billion, while at the same time investing $24 billion in a larger NAND factory in Singapore. It is also building large US factories in New York and Idaho.
On April 22, Micron She has been named as a major force behind a new push in Congress to tighten rules on chipmaking tools used by Chinese memory rivals. A US House of Representatives committee voted in favor of MATCH, a bill aimed at closing loopholes in export limits for semiconductor equipment.
The proposal would target Chinese facilities operated by ChangXin Memory Technologies, Yangtze Memory Technologies, and Semiconductor Manufacturing International Corp.0981.Hong Kong). It will also cover key technology across China.
The bill would push foreign equipment vendors to follow the same restrictions that U.S. companies like Lam Research (LRCX) and Applied Materials (AMAT) already face. It is also delving into tools such as DUV dousing machines, an area led by ASML Holding (ASML, ASML.AS).
Licenses will be required for ASML and other foreign companies providing equipment services at covered Chinese locations. The draft also outlines how Washington will enforce the restrictions if diplomacy does not get the job done.
Micron told lawmakers that China’s memory industry needs tougher US pressure before it gains the same kind of dominance that Beijing has built in solar and other sectors. The company frames the battle as a matter of national security.
Micron CEO Sanjay Mehrotra joined private talks with members of the House Foreign Affairs Committee about a month ago. Later, Sanjay sat with Republicans on the Senate Banking Committee as the Chinese equipment battle took shape.
