The administration steadily dismantled prior restrictions, beginning with the reversal of a Biden-era artificial intelligence trade rule in May 2025. Policy rollbacks expanded further when the US Commerce Department formalized clearance for advanced H200 chip sales to China in January 2026. Disclosures indicate the president made multiple stock purchases in the company immediately before and after these pivotal market-opening announcements. During the same period, intelligence officials briefed the administration on an alleged Chinese spy whose firm acquired billions of dollars in Nvidia hardware.
Key points
Executive policy decisions directly reopened access to a Chinese market that formerly com…: Executive policy decisions directly reopened access to a Chinese market that formerly comprised about a quarter of the chipmaker's total revenue.
The administration formally authorized advanced H200 semiconductor exports to China despi…: The administration formally authorized advanced H200 semiconductor exports to China despite repeated warnings from national security experts and the Council on Foreign Relations.
Personal equity investments expanded alongside administrative actions that yielded signif…: Personal equity investments expanded alongside administrative actions that yielded significant share value gains for the technology company.
Sources checked by our analysis pipeline: 1
US President Donald Trump bought millions of dollars worth of Nvidia shares before taking decisions that eased restrictions on the chipmaker's exports to China, an analysis of his financial disclosures has found.
According to an analysis by anti-corruption group DeKleptocracy, Trump's disclosures show he purchased between $1 million and $5 million worth of Nvidia stock in the days before his administration scrapped a Biden-era export rule in May 2025.
The rule, known as the diffusion rule, was intended to restrict exports of advanced US-made artificial intelligence (AI) chips to China over concerns that Beijing could use the technology to develop superior AI capabilities. Its removal opened the way for Nvidia to expand sales in a market that accounted for about a quarter of its revenue between 2010 and 2022.
Nvidia shares rose in value after Trump announced the reversal. His disclosures also showed purchases of shares in other technology companies, including Apple, Meta and Microsoft.
The president's Nvidia investments continued as his administration moved to ease restrictions further.
In December 2025, Trump announced that Nvidia would be allowed to sell…
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