Trump praises Nvidia revenue guidance and Micron's $10 billion research investment
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President Donald Trump on Thursday praised Nvidia's second-quarter revenue of $96.22 billion and third-quarter guidance of $108 billion, calling the results "incredible numbers." He also celebrated Micron Technology's new $10 billion investment in U.S. research labs. The praise comes as the administration considers new semiconductor tariffs that could extend to laptops, gaming consoles, and data center servers.
Key Facts
- Nvidia posted second-quarter revenue of $96.22 billion, up 106% from a year earlier.
- Nvidia issued third-quarter revenue guidance of $108 billion.
- Micron announced a new $10 billion investment in U.S. research labs, on top of an earlier $250 billion commitment to U.S. manufacturing.
- The Trump administration is considering new semiconductor tariffs that could extend to laptops, gaming consoles, and data center servers, POLITICO reported.
Nvidia Results
President Donald Trump praised Nvidia's results in a post on Truth Social, calling them "incredible numbers." He added, "Congratulations to Jensen Huang… Only in America!" The company posted second-quarter revenue of $96.22 billion, up 106% from a year earlier. Nvidia's third-quarter guidance of $108 billion would represent roughly 1,730% revenue growth over four years. The company also issued fiscal 2028 revenue growth guidance of 70%.
Micron Investment
Trump called Micron one of the "hottest" companies in the world in a separate post. He celebrated Micron's new $10 billion investment in research labs, on top of the company's earlier $250 billion commitment to U.S. manufacturing. Trump said the investments are "keeping us at the absolute forefront of A.I. and Advanced Computing." Earlier this month, Micron announced the Micron Research Labs, a U.S.-based hub anchored by a flagship campus in Boise, Idaho. The labs will focus on advancing memory and AI technologies over the next decade.
Tariff Uncertainty
The praise comes as the Trump administration considers new semiconductor tariffs that could extend to laptops, gaming consoles, and data center servers, POLITICO reported on Thursday. Tech companies have started lobbying against the proposal, warning it could raise costs and slow the AI data center buildout. Micron is currently the only U.S.-based manufacturer of high-bandwidth memory. The administration has framed high-bandwidth memory as central to domestic AI supply chain security.
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Trump praises Nvidia revenue guidance and Micron's $10 billion research investment
