US media: Days after purchasing stocks, Trump promoted the relevant companies on Truth Social.
2026.07.16 21:17:04
According to CNN, last year U.S. President Donald Trump posted a "very big and exciting announcement" on Truth Social. At the time, semiconductor giant NVIDIA (NVDA.O) had just announced plans to build an AI supercomputer in the U.S. In an April 15, 2025 post to his over 9 million followers, Trump promised that "all necessary permits will be expedited and quickly delivered to NVIDIA and similar companies." However, what Trump did not disclose at the time was that he had purchased between $200,000 and $500,000 worth of NVIDIA stock just days earlier. A CNN investigation found that days after Trump bought stock in more than 20 companies, he promoted those firms on his Truth Social account, sometimes announcing government actions that could benefit the companies he had just invested in. The White House strongly denied that Trump had abused his position for personal gain, stating that all his actions were aimed at benefiting the American public. The White House added that all of the president's stock transactions are handled by external financial managers, and Trump and his family have no control over the specific trades. (Jinshi)
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