Trump Bought Up to $5 Million of Nvidia Stock -- Then OK'd AI Export Deals That Sent Shares Soaring

"For years, Washington treated advanced AI chips like strategic weapons. The U.S. tightened export controls, China accelerated domestic chipmaking, and companies caught in the middle - especially Nvidia ( NASDAQ:NVDA | NVDA Price Prediction) - watched billions of dollars in potential revenue sit behind regulatory walls."

"President Trump recently filed an OGE Form 278-T with the Office of Government Ethics - the financial form required for senior government officials. The numbers inside it are hard to look away from. In Q1 alone, Trump made 3,642 stock trades. Among those, 36 transactions fell in the $1 million to $5 million range. Another 45 transactions landed between $500,000 and $1 million. One of those 36 larger trades was for Nvidia."

"Trump just flew to Beijing this week to meet with President Xi. He brought a delegation that included some of the most powerful CEOs in American business, but only two of them rode with him on Air Force One: Tesla's ( NASDAQ:TSLA ) Elon Musk and Nvidia's Jensen Huang. Notably, Huang was a late addition to the manifest - when Air Force One stopped in Alaska to refuel, Huang boarded."

"Interestingly, on the first day of the trip, the U.S. government reportedly approved the sale of Nvidia's advanced H200 chips to approximately 10 Chinese companies, including Alibaba ( ), JD.com ( ), ByteDance, and"

Washington treated advanced AI chips as strategic assets through tightened export controls. China accelerated domestic chipmaking, while companies such as Nvidia faced revenue constrained by regulatory limits. During the first quarter, the president reported thousands of stock trades on an Office of Government Ethics Form 278-T, including multiple transactions in the $1 million to $5 million range. One of those larger trades involved Nvidia, placing holdings between $1 million and $5 million while in office. During a Beijing trip that included Nvidia’s Jensen Huang, the U.S. reportedly approved exports of Nvidia’s advanced H200 AI processors to about 10 Chinese firms, including major technology companies.

Read at 24/7 Wall St.