However, in the days before changing the rule, Trump’s public financial disclosures revealed that he bought between $1 million and $5 million worth of Nvidia stock.
Trump has close relationship with Jensen Huang, one of the most powerful tech leaders in the US, now in the middle of a controversy over affair with alleged Chinese spy.
Apart from Nvidia, he also bought shares in other tech giants, including Apple, Meta and Microsoft.
How Trump benefited from Nvidia stocks
In May 2025, Trump announced revoking the previous administration’s chip rule. The records from the same month showed that he made Nvidia purchase of $1,000,001–$5 million.
The Biden-era rule prevented Nvidia from selling its chips to China, one of the largest markets, accounting for about a quarter of company’s sales in the last decade.
As Trump announced revoking the rule, Nvidia’s shares rose in value. In the same year, Trump reported 53 Nvidia investments and 2,100 trades in 68 AI-related companies that year.
Trump similarly benefited from stock trading in AI companies the same year. In October 2025, Trump threatened China with tariffs. However, the day before, he sold stakes in 15 AI companies across 121 trades, according to DeKleptocracy.
In December too, when he changed US administration’s policy vis à vis chip exports to China, he made 19 AI-related trades on December 9, including between $5,000,001 and $25,000,000 of NVIDIA.
