Financial disclosure reports indicate that investment accounts associated with President Donald Trump sold between $90,000 and $116,000 worth of Micron (MU) stock and purchased between $246,000 and $3.7 million worth of Nvidia (NVDA) stock. The transactions do not necessarily eliminate all MU holdings. Third-party managers likely handle the portfolio, and the shift may reflect risk assessment or a more favorable view of Nvidia. Micron remains the only U.S.-based AI memory chip manufacturer operating at scale, and Wall Street analysts from Barclays and Cantor Fitzgerald hold a bullish outlook, with price targets of $2,000.
According to financial disclosure reports, investment accounts associated with President Donald Trump sold Micron (MU) stock and purchased Nvidia (NVDA).
The reports show that the accounts sold $90,000 to $116,000 worth of Micron stock and purchased $246,000 to $3.7 million worth of Nvidia. The sale does not confirm that the accounts no longer hold any MU stock, only that they were net sellers of the asset.
It is likely that President Trump has third-party managers who handle his portfolio, meaning he may not have personally decided the trades. The decision to sell Micron for Nvidia may stem from managers viewing Nvidia more favorably or conducting risk assessment and portfolio reorganization.
Micron has been a major beneficiary of the AI boom as one of the big three AI memory chip manufacturers, behind SK Hynix and Samsung Electronics. It is the only U.S.-based company operating at scale in this industry.
Wall Street analysts are increasingly bullish on Micron. Barclays and Cantor Fitzgerald anticipate the stock to hit $2,000.
The optimistic outlook hinges on increased future AI spending and high demand for AI memory chips. Micron also announced a $250 billion investment plan to ramp up domestic production in the U.S.
