US Senator John Fetterman is the latest insider trader in Washington, where as you know, the mission has been “Make Crime Great Again,” since Trump took back the White House that fateful day on January 20, 2025.
On March 30, 2026, Fetterman bought Micron (MU) stock through a family-linked account under his son’s name, then reported it on April 3 through an SEC filing that puts the buy between $1,001 and $15,000.
Sure that seems like tiny money for Congress, until you hear that four weeks later, the stock was 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 high-end electronics.
Fetterman oversees chip policy while Micron collects the biggest CHIPS Act grant
Fetterman sits on the Senate Commerce Committee, where lawmakers handle technology, innovation, supply chains, and CHIPS Act oversight.
And coincidentally, just three days ago, Micron received $6.1 billion through that same CHIPS Act, making it the largest grant under that program.
Micron had spent years lobbying in Washington on domestic chip manufacturing, supply chain safety, and federal support for U.S. factories, along with a healthy dose of taxpayer money-backed investment from Uncle Sam.
Meanwhile, Wall Street’s 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 had already rallied by 533% over the past year, according to data from TradingView.
Melius’ Ben Reitzes said, “The market will eventually be willing to pay more for the unusual durability of the margin and demand profiles that AI makes possible.” Ben also said he expects Nvidia (NVDA) to spend more on memory soon, adding, “We are only in the early innings of this AI cycle and the need for memory has never been stronger.”
Micron presses Congress on China as Sanjay expands factories in three locations
Micron is now trading at a record, and its market value is nearing $600 billion, while at the same time putting $24 billion into a bigger NAND plant in Singapore. It is also building large U.S. fabs in New York and Idaho.
On April 22, Micron was named as a major force behind a new congressional push to tighten rules on chipmaking tools used by Chinese memory rivals. A U.S. House panel voted to advance the MATCH Act, a bill meant to plug holes in export limits for semiconductor equipment.
The proposal would hit Chinese facilities run by ChangXin Memory Technologies, Yangtze Memory Technologies, and Semiconductor Manufacturing International Corp. (0981.HK). It would also cover key technology across China.
The bill would push foreign equipment sellers to follow the same curbs already faced by U.S. firms such as Lam Research (LRCX) and Applied Materials (AMAT). It also reaches deeper into tools like DUV immersion machines, a field led by ASML Holding (ASML, ASML.AS).
Licenses would be required for ASML and other overseas companies that service equipment at covered Chinese sites. The draft also sets out how Washington would apply limits if diplomacy does not get the job done.
Micron has told lawmakers that China’s memory industry needs tougher U.S. pressure before it gains the same kind of dominance Beijing built in solar and other sectors. The company frames the fight as a national security matter.
Sanjay Mehrotra, Micron’s CEO, joined private talks with members of the House Foreign Affairs Committee around a month ago. Sanjay later sat down with Republicans on the Senate Banking Committee as the China equipment fight was being shaped.
