President Trump Sells Micron Stock and Buys an AI Stock Up 1,340% Since 2023

Trump’s Investment Account Activity: In fiscal year 2026, President Trump’s investment accounts, managed by third-party investment managers, sold net Micron Technology shares amounting to $90,000 to $116,000 and bought net shares of Nvidia totaling $246,000 to $3.7 million.
Micron Technology Performance: Micron posted exceptional financial results with a 345% revenue increase and over 1,200% surge in non-GAAP net income through May 2026. CEO Sanjay Mehrotra announced 16 multiyear supply contracts, enhancing long-term financial stability and performance.
Nvidia’s Dominant Position: Nvidia continues to lead in artificial intelligence infrastructure, holding more than 80% market share in GPUs, expanding into CPUs and network equipment. Recent financial results reflect an 85% revenue increase and a 140% rise in non-GAAP net income.
Market Outlook: Although Micron holds promise with its long-term supply contracts, Wall Street anticipates a potential supply correction causing price drops as early as 2028. Conversely, Nvidia’s upcoming Vera Rubin platform and RTX Spark superchip are expected to drive sustained earnings growth.