Trump bought up Nvidia stock as he decided on policy that would benefit chipmaker
Summary
Donald Trump’s financial disclosures show that he bought Nvidia stock while his administration changed U.S. policy on advanced chip exports to China. The policy changes allowed Nvidia to sell some advanced chips in China, and the company’s shares rose after the administration rescinded an export restriction.Key Facts
- In May 2025, Trump’s administration rescinded a Biden-era rule restricting exports of the most advanced U.S. AI chips to China.
- Trump’s disclosures show that he bought between $1 million and $5 million in Nvidia stock in the days before the rule was rescinded.
- The disclosures also show that Trump bought shares in Microsoft, Meta and Apple.
- China accounted for about a quarter of Nvidia’s sales from 2010 through 2022.
- Nvidia shares rose after Trump announced the rule’s rescission.
- In December 2025, Trump said Nvidia could sell H200 chips to China; the Commerce Department approved the sales in January 2026.
- Trump’s disclosures show at least three Nvidia stock purchases, each valued between $250,001 and $500,000, in the days after the H200 decision was announced.
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