An investment account linked to President Donald Trump sold Micron (MU) stock and bought Nvidia (NVDA), according to financial disclosure reports. According to the report, the accounts sold between $90,000 and $116,000 worth of Micron (MU) stock and bought between $246,000 and $3.7 million worth of Nvidia (NVDA) stock. It should be noted that this sale does not mean that the account no longer holds MU shares, but simply becomes a net seller of the asset.
Should we follow President Trump’s account and sell Micron to Nvidia?
Before discussing whether you should follow accounts associated with President Trump, it’s important to note that the president may not personally be making decisions to buy or sell stocks. President Trump probably has a third-party manager managing his portfolio.
First, let’s analyze why the asset manager decided to sell Micron (MU) stock for Nvidia (NVDA). Micron (MU) and Nvidia (NVDA) have both made incredible gains over the past few years. Asset managers may now view Nvidia more favorably. Fund managers may also be doing some risk assessment and realigning their portfolios.
Micron (MU) is one of the big beneficiaries of the AI boom. The company is one of the three largest AI memory chip manufacturers, following SK Hynix and Samsung Electronics. Micron is unique in that it is the only U.S.-based company operating at scale in this industry.
Before you decide to follow President Trump’s account and sell your Micron stock, you should know that Wall Street analysts are becoming increasingly bullish on Micron (MU). Barclays and Cantor Fitzgerald expect the stock to reach $2,000. Wall Street’s optimistic outlook for Micron depends on several factors. Two of the most important are future growth in AI spending and high demand for AI memory chips. Micron also announced a $250 billion investment plan to expand domestic manufacturing in the United States.
(Tag translation) Micron stock
