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President Trump Sells Micron Stock and Buys Another Mega-Cap Artificial Intelligence (AI) Stock
The Motley Fool·
President Trump's brokerage accounts executed over 500 trades in August, selling Micron Technology ($251K-$515K) while purchasing Meta Platforms ($5.1M-$25.3M). Micron benefits from AI-driven memory demand but faces commodity pricing pressures and potential earnings declines during industry downturns. Meta appears attractively valued at 27x earnings despite heavy AI spending, with its consumer AI agents positioned to capitalize on its vast user data.
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