President Donald Trump’s investment portfolio has increased its exposure to the artificial intelligence sector this year through new acquisitions in Alphabet and additional investments in Meta Platforms, two leading technology companies deeply involved in AI development. Financial disclosures submitted to the U.S. Office of Government Ethics reveal that accounts tied to Trump engaged in over 6,200 stock trades through May, managed by independent financial advisers rather than by Trump himself.
Among the notable purchases, holdings in Alphabet, the parent company of Google, were boosted by an amount estimated between $1.7 million and $3.6 million. Investments in Meta Platforms, the owner of Facebook and Instagram, rose by approximately $845,000 to a total of $4.8 million.
Alphabet recently reported stronger-than-anticipated results for the second quarter, reflecting rapid growth in its AI business. The company's revenue increased by 24% year-over-year to $119.7 billion, marking its sixth consecutive quarter of accelerating growth. This surge was largely driven by an 82% increase in Google Cloud revenue, fueled by the adoption of AI-powered services across various industries. Operating income rose 30% to $40.7 billion, excluding unrealized gains from the firm’s SpaceX investment.
CEO Sundar Pichai emphasized the broad adoption of Google’s AI technologies during the earnings call, noting that nearly 90% of Fortune 100 companies use Gemini Enterprise, a platform designed to help businesses develop AI agents and automate tasks. Additionally, over 9 million developers engage with Gemini models each month, and AI-enabled search features continue to enhance user interaction. Alphabet is also expanding its AI offerings beyond software by directly selling custom Tensor Processing Units (TPUs) to select customers, broadening access beyond Google Cloud.
Despite these strong fundamentals, Alphabet shares currently trade at about 18 times earnings, below the company’s five-year average of roughly 24 times earnings. Wall Street projects earnings growth of around 14% annually over the next three years, with a median analyst price target of $425 indicating potential for approximately 20% upside.
Meta Platforms remains a favored pick among analysts despite a mixed second-quarter performance that initially disappointed investors. The company reported revenue of $60.8 billion, up 28% from the prior year and exceeding analyst expectations. However, net income fell by 13% as operating margins narrowed, a decline attributed in part to one-time legal expenses, severance payouts, and heavy investments in AI infrastructure intended to support future expansion.
CEO Mark Zuckerberg highlighted the transformative role of AI across Meta’s business, from improving user experiences on social media to enhancing ad targeting and speeding product development. Looking forward, Meta plans to monetize AI through personal digital assistants and enterprise software solutions. The company recently launched Meta Business Agent, an AI-driven tool designed to automate workplace inquiries and tasks, and is exploring a cloud computing initiative to lease surplus data center capacity to external clients.
Wall Street consensus remains optimistic on Meta’s growth prospects, with earnings growth forecast at about 21% annually over the next three years. The stock trades near 21 times earnings, and the median analyst price target of $770 suggests nearly 39% potential upside from current levels.