Key facts
- President Donald Trump promoted over 20 companies on his Truth Social account shortly after purchasing their stocks.
- Nvidia, Tesla, and Apple were among the companies promoted.
- Trump announced expedited permits for Nvidia's AI supercomputer projects days after buying Nvidia stock.
- Trump's financial disclosure showed up to $1.4 billion in earnings from the crypto industry.
- A White House spokesperson stated Trump's assets are managed by independent third parties and he is unaware of the trades.
President Donald Trump has been accused of promoting several companies, including Nvidia, Tesla, and Apple, shortly after purchasing their stocks. A CNN investigation revealed that Trump promoted over 20 companies on his Truth Social account days after buying shares in them, with some announcements appearing to benefit his investments. One instance involved an announcement to expedite permits for Nvidia's AI supercomputer projects, made days after Trump reportedly bought between $200,000 and $500,000 in Nvidia stock.
These revelations come amid ongoing criticism of Trump for potentially using his office for personal gain and follow his 2025 financial disclosure, which indicated up to $1.4 billion in earnings from the crypto industry. The disclosure has reignited calls for an ethics provision in the CLARITY Act to limit his crypto involvement.
White House spokesperson Anna Kelly stated that Trump's assets are managed by independent third-party financial institutions and that he is unaware of these specific trades. Trump himself has denied knowledge of his crypto earnings but asserted their legality if known. He has not placed his assets in a blind trust, meaning he could be aware of his fund managers' investment activities. Ethics criticisms are expected to be a focal point as Trump meets with senators to discuss the CLARITY Act, where an ethics provision remains a significant obstacle to bipartisan agreement.