Trump bought Nvidia shares before he lifted curbs on China exports: Report
In May 2025, US President Donald Trump purchased Nvidia stocks worth between $1 million and $5 million, according to an analysis by DeKleptocracy. This transaction occurred one day before the Trump administration lifted the previous Biden-era diffusion rule, which had restricted American chipmakers from selling their advanced technology to countries like China.
The Biden rule aimed to strengthen the US chip industry and protect the nation from potential national security threats, including those posed by China in the AI race. Trump, who had a close relationship with Nvidia CEO Jensen Huang, also bought shares in other tech giants during the same period. The announcement to revoke the chip rule led to a rise in Nvidia's stock value.
Throughout 2025, Trump made numerous AI-related investments and trades, benefiting from the changing policy that allowed Nvidia to sell chips to China again.
Written by urgent.news from The Indian Express's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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