An investment account held in the name of U.S. President Donald Trump sold shares of artificial intelligence chipmakers Micron Technology and AMD while buying a large amount of stock in Meta Platforms, the parent of Facebook.
U.S. investment media outlet The Motley Fool reported on the 19th, citing financial disclosure filings from the Office of Government Ethics (OGE), that the account recorded 517 securities transactions during the month of August. The account is a managed portfolio run by an outside financial institution, and Trump does not select individual stocks or direct trades himself.
During the period, the account made net sales of between $251,000 and $515,000 worth of Micron stock. AMD shares were sold in a range of $1 million to $5 million. Meta, by contrast, saw net purchases of between $5.1 million and $25.3 million, making it the most heavily bought stock in the account during the period.
Micron has been seen as a prime beneficiary as expanding investment in AI data centers drives a surge in memory demand. Revenue in the fourth quarter of fiscal 2026, which ended in September, came to $54.2 billion, up 379% from a year earlier, while adjusted earnings per share jumped roughly elevenfold to $33.42 from $3.03.
Memory chips, however, are an industry in which prices and earnings swing with supply and demand. The Motley Fool said concerns that product prices and profits could turn down together once the current supply shortage eases may have factored into the sale.
AMD is also expected to benefit from growth in AI chips. The Motley Fool noted, however, that with enthusiasm for AI investment running so hot, there is a risk that future earnings fall short of market expectations.
Meta has continued to grow on the strength of its advertising business even as AI investment weighs on costs. Second-quarter revenue this year rose 28% from a year earlier to $60.8 billion. Earnings per share, however, fell 13% to $6.18 as litigation costs and severance payments mounted.
The Motley Fool said Meta shares may have become more attractively priced after falling about 30% from their August peak. It also viewed the company's use of AI technology in advertising to lift profitability as a positive factor.
The financial institution managing the account has not disclosed its reasoning for selling Micron and AMD and buying Meta. That is why some say it is a stretch to read the transactions as reflecting Trump's personal outlook on the chip industry or his investment strategy.