President Donald Trump has promoted more than 20 companies, including Nvidia, Tesla, and Apple, within days of purchasing their shares, according to a CNN investigation. The report found that several Truth Social posts announced or praised government actions that could benefit companies held in Trump’s investment accounts. Among the cases examined, CNN pointed to a 2025 post in which Trump announced that his administration would speed up the permits needed by Nvidia and similar companies to build artificial intelligence supercomputers in the United States.
Investigation Findings
Financial records reviewed by CNN showed that Trump had purchased between $200,000 and $500,000 worth of Nvidia shares several days before publishing the post. The investigation also linked the timing of his purchases to later public comments involving Tesla, Apple, and other major companies. CNN did not report evidence that Trump personally ordered the trades or made the related government decisions to raise the value of his holdings.
Response and Implications
Responding to the report, White House spokesperson Anna Kelly said Trump does not manage the accounts involved in the transactions. According to Kelly, his assets are “held in fully discretionary accounts managed by independent third-party financial institutions.” The situation has sparked criticism, with Rep. Rosa DeLauro describing it as: “Profits for him and his billionaire friends, higher prices for you.” Questions over Trump’s stock holdings have surfaced as lawmakers debate whether the CLARITY Act should restrict senior government officials from participating in the crypto industry.
Based on reporting from crypto.news.
