President Trump Sells Micron Stock and Buys Another Mega-Cap Artificial Intelligence (AI) Stock

In August, President Trump's brokerage accounts saw a total of over 500 trades, though the president himself was not responsible for these decisions. Among the trades, Micron Technology, an artificial intelligence (AI) stock, was sold for a net profit of $251,000 to $515,000. On the other hand, Meta Platforms, another AI stock, was purchased for a net gain of $5.1 million to $25.3 million.

Micron, a company that manufactures memory and data storage solutions, has experienced a supply shortage in memory chips due to the AI boom. Despite being third in DRAM, HBM, and NAND market share, the company faces challenges as memory chips are considered commodities with interchangeable wafers from different suppliers. However, Micron's revenue surged by 379% to $54 billion in the fourth quarter of fiscal 2026, with non-GAAP net income increasing to $33.42 per diluted share.

Meta Platforms, on the other hand, owns three of the most popular social media networks, which creates a network effect that makes its social media properties more engaging. The company reported mixed financial results in Q2, with revenue increasing by 28% to $60.8 billion. However, GAAP diluted earnings fell by 13% to $6.18 per diluted share due to higher expenses related to legal proceedings and severance costs.

Meta's AI spending, including custom silicon and proprietary models, is proving beneficial, resulting in increased ad impressions and prices. Morgan Stanley analysts believe Meta has a strong position in consumer AI agents, making it a potential winner in the AI market.