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 millions of dollars worth of stock market trades made during July, including investments in firms such as SpaceX, Microsoft, and AI companies like Nvidia and Palantir. According to official records, Trump sold between $6.5m and $31m worth of Microsoft stock, while purchasing shares valued at $165,000 to $400,000.
Additionally, his portfolio included trades in AI firm Nvidia and software company Palantir, which works with the US Defense Department and Immigration and Customs Enforcement (ICE). A White House spokesperson confirmed that Trump's portfolio is independently managed by third parties, emphasizing that neither the president nor his family can influence investment decisions.
Despite the fluctuations in SpaceX's shares since its June Nasdaq listing, Trump still holds a stake in the AI-focused company. The disclosure of Trump's July trades comes amid increased scrutiny on AI safety, with Trump advocating for the term "super intelligence" to emphasize American dominance. However, he opposes government regulation, clashing with international calls for safeguards.
Trump is set to meet with Chinese President Xi Jinping during his upcoming state visit to Washington, where he plans to establish an emergency AI hotline to address potential cyber risks.
Written by urgent.news from BBC Science's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
