Trump's accounts, managed by third-party firms, sold Micron stock in August worth a net $251,000–$515,000, sold AMD for $1–5 million, and net bought Meta Platforms for $5.1–25.3 million, according to a filing with the Office of Government Ethics that lists 517 trades. The author argues that selling Micron is a bet the memory shortage is nearing its peak, since Micron's gross margin rose from 2.7% in fiscal 2023 to 80.7% in fiscal 2026. However, consensus estimates put normalized EPS at $176.55 for fiscal 2027, and the stock traded at 5x forward earnings as of Oct. 16. The article concludes the numbers currently favor holding, with Micron's next quarterly report as the key test.
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