Nvidia CEO Jensen Huang and US President Donald Trump speak about investing in America (Jim Watson/Getty Images)

Micron and Trump announce $200 billion investment touted by Huang, Nadella, and Cook… and the market doesn’t care

If you look a little more closely at the press release, you’ll notice why.

6/12/25 10:19AM

It’s a doozy of a press release.

Chipmaker Micron and the Trump administration announced this morning that Micron plans to invest a whopping $200 billion — a huge number, to be sure — into chip manufacturing and research and development. The press release ends with a murderer’s row of CEO quotes from tech behemoths: Nvidia’s Jensen Huang, Apple’s Tim Cook, Microsoft’s Satya Nadella, Michael Dell, and other tech leaders cheer the investment on.

Despite all the biggest names in tech lauding “Micron’s investment in advanced memory manufacturing,” the market didn’t care. Shares of Micron were flat at last check. That’s because the market is (usually) smarter than even the best PR machine, and when you look past the big numbers, the glitz, and the Big Tech all-star team in the announcement, you’ll notice some key phrasing in there (emphasis ours):

“As part of today’s announcement, Micron plans to invest an additional $30 billion beyond prior plans which includes building a second leading-edge memory fab in Boise, Idaho; expanding and modernizing its existing manufacturing facility in Manassas, Virginia; and bringing advanced packaging capabilities to the U.S. to enable long-term growth in High Bandwidth Memory (HBM), which is essential to the AI market. Additionally, Micron is announcing a planned $50 billion domestic R&D investment, reaffirming its long-term position as the global memory technology leader. As previously announced, Micron’s investment includes its ongoing plans for a megafab in New York.”

If you take the press release at its word, seemingly only $30 billion of the investment is actually new. The business world, and especially politicians, love to repurpose existing plans to make them seem shiny and new, but digging in, it’s more of a $30 billion news item, not a $200 billion surprise.

And sometimes even the new things may not wind up happening.

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After Tesla earnings, prediction markets think unsupervised FSD is less likely than ever to be rolled out this year

Tesla’s unsupervised full self-driving technology, which would autonomously ferry passengers around without a human driver having to pay attention, is supposed to help catapult the electric vehicle company’s valuation further into the stratosphere. It was also supposed to be available this year, but prediction markets participants, as well as former Tesla self-driving leaders, no longer think that will happen.

On Tesla's earnings call this week, CEO Elon Musk said the company now had “clarity” on achieving unsupervised full-self driving — something he’s repeatedly said would be available at least in some markets this year.

The comments seemed to at least give Polymarket prediction market participants some clarity. There, the market-implied odds that Tesla will release unsupervised FSD this year reached the lowest since the event contract was opened in May.

The odds of it happening had been pretty high up until late June when Tesla’s long-awaited robotaxi launched with a safety driver in the passenger seat. The unsupervised FSD event contract specifies the feature can have “no requirement for human intervention.”

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Banks prepare record $38 billion debt financing to fund Oracle-tied data centers

Banks led by JPMorgan and Mitsubishi UFJ are preparing a $38 billion debt offering to fund two Oracle-tied data centers in Texas and Wisconsin, Bloomberg reports. The projects, developed by Vantage Data Centers, will support Oracle’s $500 billion Stargate AI infrastructure push with OpenAI and Nvidia.

The loans — $23.25 billion for Texas and $14.75 billion for Wisconsin — are expected to mature in four years, price about 2.5 percentage points higher than the benchmark rate, and mark the largest AI infrastructure financing to date.

Oracle executives recently said that the company anticipates cloud gross margins will reach 35% and that it expects to see $166 billion in cloud infrastructure revenue by FY 2030.

Oracle is up 1.5% premarket.

Record $38 Billion Debt Sale Nears for Oracle-Tied Data Centers

Oracle executives recently said that the company anticipates cloud gross margins will reach 35% and that it expects to see $166 billion in cloud infrastructure revenue by FY 2030.

Oracle is up 1.5% premarket.

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Google rises on official announcement of Anthropic deal worth “tens of billions”

Google has made its deal to expand AI compute to Anthropic, reported earlier this week by Bloomberg, official. In order to train and serve its Claude model, Anthropic has agreed to pay Google Cloud “tens of billions of dollars” to access up to 1 million tensor processing units, or TPUs, as well as other cloud services.

Google, of course, has a 14% stake in Anthropic, making this one of the many circular AI deals happening at the moment.

“Anthropic and Google have a longstanding partnership and this latest expansion will help us continue to grow the compute we need to define the frontier of AI,” Anthropic CFO Krishna Rao said in the press release. “Our customers — from Fortune 500 companies to AI-native startups — depend on Claude for their most important work, and this expanded capacity ensures we can meet our exponentially growing demand while keeping our models at the cutting edge of the industry.”

The announcement has sent Google up again, more than 1% premarket.

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Report: Snap seeking $1 billion to finance its AR glasses division in “existential” fundraise

Snap is down more than 1% this morning following news that the company is attempting to raise $1 billion for its AR glasses unit in what someone told Sources.news was an “existential” fundraise.

A Snap spokesperson countered, “We do not need to raise money to execute against our plans to publicly launch Specs in 2026, but remain open to opportunities that could accelerate our growth.”

Multiple investors are involved in the talks, including Saudi Arabia’s Public Investment Fund, according to Sources.news. The report also noted that Snap plans to turn the unit that makes its Specs glasses into an independent subsidiary à la Google’s Waymo “that can continue raising capital from investors.”

Snap plans to produce about 100,000 units of next year’s Specs, pricing them around $2,500.

The beleaguered stock saw quite a bit of retail interest last month, amid r/WallStreetBets chatter that its low nominal price made it a potential acquisition target.

Snap eyes $1 billion fundraise for AR glasses

Snap plans to produce about 100,000 units of next year’s Specs, pricing them around $2,500.

The beleaguered stock saw quite a bit of retail interest last month, amid r/WallStreetBets chatter that its low nominal price made it a potential acquisition target.

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23h

After a record quarter, analysts point out that Tesla’s car sales don’t really matter anymore

Tell that to Apple and its iPhone.

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Micron and Trump announce $200 billion investment touted by Huang, Nadella, and Cook… and the market doesn’t care

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