Trump's Nvidia purchase precedes reversal of chip export restrictions to China
President Trump bought between $1 million and $5 million of Nvidia stock shortly before revoking a rule that barred the company from selling chips to China, a move that coincided with a rise in Nvidia's share price.
President Trump disclosed in a recent financial filing that he purchased between $1 million and $5 million worth of Nvidia shares in the days before announcing the revocation of a prior administration's rule that limited Nvidia's chip sales to China. The rule, enacted during the previous administration, had prevented Nvidia from accessing a market that accounted for roughly a quarter of its sales over the past decade. After Trump announced the policy change in May 2025, Nvidia's stock price increased.
The filing also showed that Trump bought shares in other technology firms, including Apple, Meta and Microsoft, and reported 53 Nvidia investments and 2,100 trades involving 68 AI-related companies during the same year. In October 2025, a day before threatening China with tariffs, he sold stakes in 15 AI companies across 121 trades, according to DeKleptocracy. In December, when the administration altered its stance on chip exports to China, Trump made 19 AI-related trades on December 9, including transactions valued between $5,000,001 and $25,000,000 in Nvidia.