Report says Trump promoted companies after buying their stocks, raising conflict questions

A report has raised fresh questions about possible conflicts of interest involving US President Donald Trump and companies whose shares were bought by his investment portfolio. According to the investigation, Trump later promoted some of those firms on Truth Social, including Nvidia, after his portfolio had already acquired stakes in them. The report said the pattern has prompted scrutiny over whether his public comments and policy actions could have benefited holdings in his portfolio.

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The investigation said Trump posted on 15 April 2025 that Nvidia had committed $500 billion to build AI supercomputers in the United States and that permits would be expedited. It said he did not disclose at the time that he had bought between $200,000 and $500,000 of Nvidia shares a few days earlier. The report also said Trump promoted 20 companies on the platform after purchasing shares in those firms, and in some cases announced government measures that could benefit them.

The White House denied any wrongdoing and said Trump's investments are managed independently. A spokesperson said the president's assets are held in fully discretionary accounts managed by independent third-party financial institutions. The spokesperson also said Trump acts in the best interests of the American public and that there are no conflicts of interest.

The administration has said the president and his family do not control which trades are made. The report matters because it touches on the long-running issue of how a sitting president handles private investments while in office. In the United States, presidents are not automatically required to place assets in a blind trust, but questions about transparency and influence often arise when policy announcements and market-moving statements overlap with personal holdings.

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The latest allegations are likely to intensify debate over whether existing safeguards are sufficient. Nvidia is one of the most closely watched companies in the artificial intelligence sector, and any public statement about its plans can move markets. The report also named Tesla and Apple among the companies Trump promoted after his portfolio bought shares, suggesting the issue may extend beyond a single firm.

That broadens the significance of the allegations from one trade to a wider pattern of conduct. What remains unclear from the report is whether any of the purchases or posts breached legal or ethical rules, and whether regulators or lawmakers will seek further review. The report did not say that Trump personally managed the trades, and the White House has maintained that outside managers handle the investments.

The next developments to watch are whether additional details emerge about the timing of the trades, the companies involved, and any official response beyond the White House denial.

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