Trump made additional stock purchases alongside tech holdings, including $1 to $5 million in Kura Sushi USA, the American operator of 91 conveyor belt sushi restaurants across the continental United States. Japanese reporting said the investment drew attention online and led to theories about why the purchase occurred. One theory suggested Trump or Donald Trump Jr, who runs the president’s trust, mistook Kura for Fujikura, a fiber-optics and computer-hardware supplier that has grown with the AI boom. The speculation connected the sushi purchase to Trump’s broader pattern of investing in companies tied to the AI supply chain. Kura Sushi shares rose about 5.4% after the news.
"New reporting from the Japanese newspaper the Yomiuri Shimbun revealed that Trump made another surprising investment alongside his tech stocks: a purchase of $1 to $5 million shares in a conveyor belt sushi restaurant chain called Kura Sushi. Specifically, Yomiuri reports that Trump purchased shares in the company's American-arm, Kura Sushi USA, which operates 91 conveyor belt sushi joints throughout the continental US."
"One emerging theory: the aging president, or his ambling son Donald Trump Jr, who technically runs the president's trust, mistook the fast-growing sushi brand for a longstanding computer hardware company. Essentially, the hypothesis goes, the name "Kura" is somewhat similar to that of the Tokyo firm "Fujikura," a fiber-optics and computer-hardware supplier which hasseen massive growth on the back of the AI boom."
"Trump, whose recent investments are mostly centered around companies with leverage over the AI supply chain, may very well have mistaken the two - resulting in a hilarious investment into novelty sushi restaurants. "Is Trump really suffering from dementia if he confuses Fujikura with Kura Sushi?" one Japanese netizen asked on the Yahoo Finance boards."
"Whatever the reason, it's been good news for Kura Sushi, which saw its shares rise around 5.4 percent after news of Trump's investment broke. Fujikura has not b"
Read at Futurism
Unable to calculate read time
Collection
[
|
...
]