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Trump bought Nvidia shares before easing chip sales to China
An analysis by the anti-corruption group DeKleptocracy says Donald Trump bought millions of dollars’ worth of Nvidia shares while making decisions that eased the company’s ability to sell advanced AI chips to China. The timing raises questions about conflicts of interest, as Nvidia’s access to a major market could benefit its business and share price.
Public disclosures show Trump bought between $1m and $5m in Nvidia shares shortly before rescinding a Biden-era export rule in May 2025; Nvidia shares then rose. In December 2025, he said the company could sell H200 chips to China, with the Commerce Department approving this in January 2026. China accounted for about a quarter of Nvidia’s sales from 2010 to 2022, and Trump’s disclosures also list at least three Nvidia purchases of $250,001 to $500,000 after the December announcement. The article also describes scrutiny of Nvidia chief Jensen Huang’s alleged links to a Chinese spy and his company’s $25m contribution to Trump’s ballroom.
In short
- Trump bought Nvidia shares before easing China chip export limits.
- Disclosures show purchases of up to $5m before the May 2025 policy change.
- The timing has prompted questions about conflicts of interest.
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Originally published by The Guardian as “Trump bought up Nvidia stock as he decided on policy that would benefit chipmaker”.