Trump offloads tens of millions in AI, tech shares, led by Microsoft, Amazon, Meta
US President Donald Trump has sold shares worth tens of millions of US dollars in major tech companies, including Microsoft, Amazon and Meta Platforms in July, a move that may reveal some of his views on the sector, especially as competition with China intensifies. Microsoft topped the list of sales transactions, with six trades totalling up to US$31 million, according to filings disclosed by the…
US President Donald Trump divested tens of millions of dollars in shares from major technology companies in July, according to filings with the US Office of Government Ethics. Microsoft was the top performer, with six trades totaling up to $31 million. Trump also offloaded up to $26 million worth of Amazon stock and smaller amounts in Meta Platforms and Alphabet.
Despite the significant sales, he continued to purchase shares in other tech firms, but the number of acquisitions was lower than his selling activity. The data sheds light on Trump's potential stance on artificial intelligence, a key topic in upcoming trade talks between the US and China. The heads of several prominent tech companies, including Microsoft, Nvidia, Google, Amazon, and Meta, were expected to attend a high-profile dinner in Washington in anticipation of the discussions.
Trump's investments also included hardware and chip companies, as well as firms with strong domestic manufacturing presence. Recently, tech-skeptic billionaire hedge fund manager Michael Burry doubled down on his bearish bets on semiconductor and AI, questioning the sustainability of the current market rally.
Written by urgent.news from SCMP Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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