Financial disclosures from the US Office of Government Ethics reveal President Donald Trump’s investment accounts have executed over 6,100 trades this year.
While these accounts are controlled by independent “third-party” managers – their moves offer a fascinating window into Wall Street’s current artificial intelligence (AI) playbook.
The most striking trend? Trump’s managers have been systematic net sellers of memory-chip firm Micron (MU), while they have aggressively accumulated shares of the AI leader, Nvidia (NVDA).
For retail investors trying to navigate the volatile artificial intelligence landscape, this divergence in a high-profile portfolio raises a critical question: why favour one tech titan over the other in 2026?
Why Trump’s managers have been selling Micron stock
Trump’s managers choosing to unload MU shares likely doesn’t have anything to do with financial weakness or structural concerns.
After all, the memory chips specialist recently posted a stunning Q3 earnings release – featuring a more than 4x increase in revenue to $41.4 billion as a global shortage doubled memory chip prices.
Micron Technology Inc is also mitigating its boom-and-bust cycles by signing multiyear contracts that secure stable, long-term pricing.
Still, Trump’s managers have trimmed holdings by up to $116,000, likely because Micron reached a stretched valuation.
With memory supply expected to catch up to demand by 2028, Wall Street anticipates a potential price correction. This prompted savvy managers to lock in massive profits before cyclical cooling begins.
That said, Wall Street analysts remain bullish as ever on Micron stock for the next 12 months.
The consensus rating on MU remains at “Buy”, with the mean price target of $1,579, according to WSJ, indicating potential upside of nearly 60% from current levels.
Why Trump’s managers have been loading up on Nvidia stock
While NVDA stock has been rather muted for an AI darling this year, Trump accounts have bought as much as $3.7 million worth of it.
Why? Perhaps because the company remains the uncontested gold standard of AI infrastructure – controlling over 80% of the accelerator market.
Its latest financial report showed a spectacular 85% revenue leap to just under $82 billion on huge data center demand.
Plus, Nvidia’s chips are the most efficient, yielding the lowest operational cost per token for clients.
With its ultra-powerful Vera Rubin platform entering volume production and the new RTX Spark superchip poised to disrupt the personal computer market – investment managers likely see Nvidia stock as a safer, more dominant long-term compounder, especially as its forward valuation multiple sits at a major discount to its historical averages currently.
Wall Street firms are just as bullish on Nvidia stock as well.
The consensus rating remains at “Buy,” with the mean price target of about $314 signaling potential upside of about 50% from here.
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