Trump Has Made Bank Off Stocks From Companies With Federal Contracts

On February 10, Donald Trump purchased between $1 million and $5 million worth of stock in Nvidia, a massive AI chip maker. A week later, Nvidia announced a major computer processing power deal with Meta. Jensen Huang, Nvidia’s CEO, has spent more than a year cozying up to Trump.

Trump previously purchased between $500,000 and $1 million worth of Nvidia stock on January 6, after clearing the sale of Nvidia’s H200 chips, the company’s second-most powerful AI chip, to China. A week later, the Commerce Department officially approved the sale. This week, after Huang traveled with Trump to China, the Commerce Department cleared 10 Chinese firms to buy Nvidia’s chips—making way for Trump to make millions more.

Also on January 6, Trump purchased between $50,000 and $100,000 worth of stock in AMD, another AI semiconductor company, which was authorized to sell their chips to Chinese customers a week later. Trump purchased at least $740,000 in AMD stock last quarter, according to NOTUS.