US House Representative Ro Khanna lost big after selling shares of Micron Technology (NASDAQ: in) shortly before the chipmaker staged one of its strongest rallies in Semiconductors sector this year.
According to filings made on May 11, 2026, Khanna sold between $1,001 and $15,000 worth of Micron stock on April 27. At the time, Micron shares closed at about $524.56.
By the end of trading on May 26, it was… stock It rose to $895, representing a gain of nearly 70.8% in less than a month since trading. During the same period, the broader Standard & Poor’s 500 index rose just under 5%.
Meanwhile, Micron stock is up nearly 200% year to date and more than 800% over the past year amid the widening crisis. Amnesty International– Semiconductor driven march. This rise pushed Micron into the trillion-dollar market cap bracket.
The timing of Khanna’s sale is interesting because Micron was already widely viewed as one of the biggest beneficiaries of the AI boom before the recent rally accelerated.
Shares rose on growing demand for AI infrastructure, especially the high-bandwidth memory chips used in the systems that power them Nvidia (Nasdaq: NVDA) and Advanced Micro Devices (NASDAQ: AMD).
The company has emerged as a major winner in the AI space, with demand for large-scale data centers said to push much of its capacity in 2026 to sell-out levels.
Controversy over congressional deals
Khanna’s trading also attracted scrutiny as Congress’s trading remained highly controversial. Lawmakers regularly receive policy briefings and industry information related to sectors such as semiconductors, export controls, potato chip financing and science law.
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Although there is no evidence of wrongdoing, critics say this is unusual for a lawmaker closely linked to the party. technology The sector sold shares in a leading artificial intelligence chip company shortly before a sharp rise, renewing controversy over congressional stock trading.
Ro Khanna has been one of the most active traders in Congress in recent years, with many transactions linked to technology and artificial intelligence companies. his office said earlier financial Advisors or family members manage some trades.
Notably, he is not the only lawmaker trading in microns recently. Senator John Fetterman bought between $1,001 and $15,000 worth of Micron shares on March 30, 2026, near the short-term low of $322, with the position later rising more than 120%.
Gilbert Cisneros also made multiple purchases that have since doubled, while Tony Wade posted strong gains after buying in February.
As it stands, the focus is on whether Micron is able to maintain a sustained rise.
