Financial disclosures show President Trump's brokerage accounts, which are managed by third parties, executed over 500 trades in August. The accounts sold Micron Technology for net sales of $251,000 to $515,000 and made the largest buy, in Meta Platforms, for net purchases of $5.1 million to $25.3 million. The article notes Micron has benefited from an AI-driven memory shortage and reported fiscal fourth-quarter revenue up 379% to $54 billion, but Morningstar sees no economic moat in its commodity-like memory products, and a possible reason for the sale is worry about falling prices when the shortage eases. Meta's second-quarter revenue rose 28% to $60.8 billion, but GAAP diluted earnings fell 13% to $6.18 per share on severance and legal costs; the stock, down nearly 30% from its August high, trades at 27 times earnings, which may explain the purchase.
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