President Trump's Portfolio Added a Stock That's Up More Than 2,100% Since 2023 -- and It's Sliding Today.
A new disclosure shows the president's accounts bought one of the market's hottest AI stocks. It's falling today.
Overview
A recent federal ethics disclosure revealed that President Donald Trump's investment accounts bought shares of Western Digital (NASDAQ: WDC) earlier this year. It's one of the market's biggest AI winners, up more than 2,100% since the start of 2023. And in a bit of awkward timing, the stock is falling today.
Before reading too much into it, one important caveat. The accounts are reportedly managed by third-party institutions, so the president himself wasn't responsible for the decision to buy or sell any particular security. The disclosure, released by the U.S. Office of Government Ethics, showed thousands of trades across those accounts in the first quarter. The Western Digital purchase was just one of many.
Details
Still, the trade is a useful excuse to look at a stock that has quietly become one of the best performers in the entire market.
Source
Originally published at www.fool.com.