Donald Trump reportedly bought millions in Nvidia stock while making policy decisions that directly benefited the chipmaker, including rescinding export rules to China and allowing sales of advanced AI chips.
An analysis revealed that Donald Trump purchased between $1 million and $5 million worth of Nvidia stock in May 2025, just days before his administration rescinded a Biden-era rule that prevented advanced US-made AI chips from being exported to China. This rule was intended to protect the US chip industry and national security from China's AI development. Nvidia's shares subsequently rose, with China being a significant market for the company. In December 2025, Trump further allowed Nvidia to sell advanced H200 chips to China, a decision greenlit in January 2026, which experts deemed controversial as it could 'supercharge' China's AI capabilities. Trump's financial disclosures indicate at least three more Nvidia stock purchases, each between $250,001 and $500,000, after this decision. The anti-corruption group DeKleptocracy highlighted these transactions, suggesting potential corruption motivated Trump to deliver AI technology to China. The article also touches on revelations about Jensen Huang, Nvidia's former CEO and a close Trump ally, having an affair with alleged Chinese spy Alice Huang, whose company reportedly obtained billions in Nvidia chips. Trump was briefed on Alice Huang's status as a Chinese asset but did not act. Nvidia also made a $25 million contribution to Trump's ballroom in October 2025.
