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Anushka Dutta

The Trump-Intel Deal Stole Headlines, But the President Also Bought Nvidia Stock in Q1

Nvidia Donald Trump Stifel

President Trump made a total of at least $220 million in stock and bond purchases during the first quarter, according to a filing with the Office of Government Ethics. Six of those trades included chipmaker Intel Corporation (INTC), which grabbed eyeballs. However, there was another notable deal in which the U.S. President bought up to $5 million in shares of chip behemoth Nvidia (NVDA).

Also, Nvidia received U.S. approval to export advanced H200 AI processors to approximately 10 Chinese companies. A ray of hope emerged when Nvidia CEO Jensen Huang was invited aboard Air Force One to visit China with the President, after the company had to forgo the Chinese market because regulations halted the shipment of its AI chips to the country.

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