President Donald Trump's Investment Team Dumped AMD in August and Bought Up to $25 Million in One of the Cheapest "Magnificent Seven" Stocks
2026-10-13 08:06
•Sean Williams •The Motley Fool
•••• ••• Axe Cap view
Trump’s Team Shifts from AMD to Meta Amid AI Hype
A big August pivot from AMD into Meta highlights concerns around AI hype and value in US tech, with local investors watching closely.
Trump’s investment team dumped AMD shares worth up to $5 million in August while snapping up as much as $25 million of Meta Platforms. This signals a subtle but clear message: be cautious about the AI bubble talk around GPU makers like AMD. While AMD benefits from strong demand and pricing for its chips, the fear is that the AI boom might be overstated and a sudden pullback could hit AMD hard. Meta, on the other hand, is appealing because of its huge user base and smart AI-driven ads improving monetization. For South African investors, this is a reminder that tech valuations on the JSE—think Naspers and Prosus—also deserve scrutiny. Despite their tech exposure, they carry risks tied to their offshore holdings and currency moves. If the US tech sell-off intensifies, expect USD/ZAR to move higher, pressuring local tech-linked counters. Still, Meta’s solid cash generation counters some fears. this is just our opinion and not financial advice
Trim your AMD positions, especially if you own US-listed shares or have large indirect exposure via Prosus. Watch Meta and Naspers for selective buys, but keep a close eye on the rand’s weakness against the dollar, which can add volatility.
- AMD
- Meta Platforms
- Naspers
- USD/ZAR
- AI adoption slower than priced in
- Rand weakness exacerbating foreign exposure losses
6/10
Trump's investment team executed 517 trades in August 2026, selling up to $5 million in AMD stock while purchasing up to $25 million in Meta Platforms. The AMD sale may reflect concerns about potential AI bubble bursting, while the Meta purchase capitalizes on its valuation as one of the cheapest Magnificent Seven stocks and its AI integration into advertising platforms.
Our take is based on reporting first published by The Motley Fool.