President Trump’s investment accounts—run by third-party advisers—have accumulated positions in Alphabet and Meta this year, according to federal disclosures showing more than 6,200 trades through May. The buying comes as analysts see both tech giants as undervalued amid a broad build-out of AI infrastructure. Alphabet’s latest quarter topped expectations with revenue up 24% to $119.7 billion and operating income up 30%, while its shares trade around 18 times earnings, below the five-year average. CEO Sundar Pichai cited momentum across Gemini enterprise tools, developer adoption, and rising Search engagement tied to AI features, alongside growing demand for Google’s TPUs, which the company is now also selling directly. Meta holdings were also increased, reflecting Wall Street’s view that both companies stand to benefit from accelerating AI deployment.
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