Trump reveals millions of dollars' worth of share deals in big tech and AI
Stock in major firms such as Microsoft, Nvidia and SpaceX was bought and sold on behalf of the US president.
US President Donald Trump has revealed a substantial portfolio of stock market transactions in July, involving major corporations such as Elon Musk's SpaceX, Microsoft, Nvidia, and Tesla. Official records indicate that Trump's dealings included sales of between $6.5 million and $31 million in Microsoft shares, alongside purchases ranging from $165,000 to $400,000.
The filing also disclosed investments in AI company Nvidia and software firm Palantir, a defense contractor and ICE vendor. A White House spokesperson clarified that Trump's portfolio is independently managed by third parties, emphasizing that neither the president nor his family have the authority to influence these investments.
The spokesperson further assured there are no conflicts of interest, stating that the portfolio's operations are entirely separate from any potential conflicts. Despite fluctuations, SpaceX's share price has since risen 14% above its initial market debut. Additionally, Trump's portfolio saw transactions in Tesla, another of Musk's ventures.
The president has previously disclosed numerous stock trades during his tenure in the White House since January 2021.
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