https://preview.redd.it/jk81r2d2ym2h1.png?width=1440&format=png&auto=webp&s=b575809917ababb04040b589ebcc1d0c00caa01c So it looks like Trump just invested somewhere between $1 million and $5 million into Kura Sushi USA. The whole thing just popped up in his latest financial disclosure to the Office of Government Ethics, which basically lumps together all his recent trading history. Right after the news dropped, the sushi chain’s stock went up by more than 5%. But market analysts are actually guessing that he completely mixed up the restaurant with FujiKura, a Japanese tech company that builds AI infrastructure. Just for some context, FujiKura makes the fiber optic cables and technical hardware you need to run massive data centers. The Kura Sushi buy was buried in a list of like 3,700 different financial transactions he reported, and it’s actually one of his biggest trades this year. Funny enough, the investment firm Mitsubishi UFJ pointed out that even if this was literally just a huge clerical error, the US branches of Kura Sushi have been posting really solid financial growth lately anyway. It honestly just goes to show how fast retail investors will blindly follow a trade made by a major political figure and pump up a company’s market cap, even if the initial investment was basically a typo in a completely unrelated industry. Source: https://futurism.com/artificial-intelligence/trump-sushi-stock submitted by /u/andrewaltair
Originally posted by u/andrewaltair on r/ArtificialInteligence