US President Donald Trump sold tens of millions of dollars in technology shares during July, with Microsoft accounting for the largest disclosed transactions. The filings show that he sold up to $31 million in Microsoft and up to $26 million in Amazon as sales across the month substantially outnumbered purchases.
The transactions were detailed in filings disclosed by the US Office of Government Ethics on Tuesday. The documents provide value ranges rather than exact figures and record more than 1,100 trades during July.
The largest disclosed sales
Microsoft led the listed sales, with 6 transactions reaching a combined value of up to $31 million. Trump also sold up to $630,000 in Meta Platforms and up to $365,000 in Alphabet, the parent company of Google.
Nvidia was the subject of 2 sales worth about $1 million in total. Trump also made a purchase of a similar value in the chipmaker during the month, according to the filings.
Across the companies covered by the disclosure, sales outnumbered purchases by more than 700 to nearly 400. The filings nevertheless show continued buying in parts of the technology sector, rather than a complete withdrawal from the industry.
New positions in chip and hardware companies
On July 31, Trump bought up to $500,000 in shares of Texas Instruments and also purchased shares in Broadcom, a networking chip and software company. He established new 6-figure positions in IBM and Cisco Systems, both legacy technology companies.
The filings also showed additions in hardware and chip businesses connected to computing and telecommunications, as well as companies with domestic manufacturing footprints.
AI and US-China talks
The disclosures come as artificial intelligence (AI) features prominently in discussions between the United States and China. A highly anticipated meeting between Xi and Trump is expected to focus partly on the technology, while high-level talks involving trade representatives from the world's 2 largest economies were described as “very successful” by US Treasury Secretary Scott Bessent.
Washington proposed a bilateral notification mechanism for national security incidents related to AI during those discussions, according to the report.
The technology sector was also set to be represented at a high-profile dinner in Washington on Thursday. Expected attendees included Microsoft's Satya Nadella, Nvidia's Jensen Huang, Google's Sundar Pichai, Amazon's Jeff Bezos and Meta's Mark Zuckerberg.
Other industry figures expected to attend included OpenAI's Sam Altman, Tesla and SpaceX's Elon Musk and Apple's Tim Cook, according to a CNBC report.
Broader doubts about tech valuations
Trump's trading activity coincided with separate doubts from hedge fund manager Michael Burry, who said on Tuesday that he was increasing bearish positions tied to semiconductors and AI.
Burry questioned the durability of the memory supercycle and said memory producers had reached “ridiculous prices for what they are”. He said he had added to short positions against Micron Technology, Nebius Group, Palantir Technologies and the iShares Semiconductor exchange-traded fund, according to a Substack .
Conclusion
The July filings show heavy selling in leading technology names alongside targeted purchases in chip, hardware and established technology companies. The activity was disclosed as AI, semiconductor valuations and US-China technology discussions remained closely linked.
Frequently Asked Questions
Q. How much Microsoft stock did Trump sell?
The filings show 6 Microsoft sales worth up to $31 million in total.
Q. How much Amazon stock did Trump sell?
Trump sold up to $26 million in Amazon shares during July.
Q. Did Trump buy Nvidia shares?
Yes. He sold about $1 million in Nvidia shares and made a purchase of a similar value.
Q. Which technology companies did Trump buy on July 31?
He bought up to $500,000 in Texas Instruments and also purchased shares in Broadcom.
Q. Did Trump continue buying technology shares?
Yes. The filings show purchases in selected chip, hardware and legacy technology companies, including IBM and Cisco Systems.
Q. How did sales compare with purchases?
Sales outnumbered purchases by more than 700 to nearly 400 across the month.
Q. Why are the filings relevant to AI?
The disclosures came as AI formed part of US-China discussions involving national security incidents and technology policy.
Q. Who was expected at the Washington technology dinner?
Expected attendees included Satya Nadella, Jensen Huang, Sundar Pichai, Jeff Bezos, Mark Zuckerberg, Sam Altman, Elon Musk and Tim Cook.
