This White House is home to a stock market wizard.

According to the latest financial disclosures, Trump executed 3,642 U.S. stock trades in the first quarter of this year, averaging about 58 trades per trading day. This frequency has already far exceeded that of most professional fund managers.

If it were just the high trading frequency, it wouldn't be enough to draw market attention.

What is truly getting Wall Street talking is another set of increasingly hard-to-ignore data: over the past year, the publicly listed companies Trump has named and praised are showing an increasingly clear overlap with his portfolio, government industrial policies, and federal funding flows.

Perhaps the most memorable instance was when Trump turned the White House South Lawn into a Tesla product launch event last year. In front of media cameras, he sat in a Model S, calling Tesla a "great product" and the Cybertruck "the coolest design."

This was followed by a series of companies entering his public praise list, including Dell, Intel, Micron, Nvidia, IBM, Apple, and Thermo Fisher.

Some companies saw significant stock price movements after being named. For some, Trump's account had already established a position before the praise. Others simultaneously received government contracts, subsidies, export licenses, or other policy support.

When these events occur in isolation, they might just be coincidences. But as more and more coincidences begin to point towards the same group of companies, one can't help but wonder: Is Trump genuinely supporting American manufacturing and technology industries, or is he shaping a personal "President's Portfolio" list?

And if this pattern truly exists, the market's most pressing question is: Who will be the next one named by the White House?

Commonalities Among the Shilled Companies

From the March 2025 spectacle that turned the White House South Lawn into a Tesla showroom to May 2026, nine publicly listed companies have been publicly praised or supported in posts by Trump. The frequency surged sharply in 2026, with Dell and Intel being the most typical examples.

On February 10 this year, Trump's account established a position worth $1 million to $5 million in Dell. On May 8, he publicly urged people at the White House, "Go buy a Dell, they are great." That day, Dell's stock rose about 14% intraday. Prior to this, the Dell family had pledged $6.25 billion to "Trump accounts."

Intel represents another classic case. In August 2025, the Trump administration converted the $8.9 billion subsidy owed to Intel under the CHIPS and Science Act into equity, acquiring about 9.9% of shares at $20.47 per share. This made the U.S. government Intel's largest shareholder, with the community dubbing it a "U.S. state-owned enterprise." Six months later, in early March 2026, Trump's personal account also appeared on Intel's shareholder list. The conversion of subsidies into equity, government backing, personal holdings, and public cheerleading all became tailwinds for Intel.

Another landmark case is Palantir (PLTR). On April 10, he endorsed it on Truth Social, using the company name and stock ticker, stating it "has proven to possess strong combat capabilities and equipment," making him the first sitting president to do so.

Expanding the scope from just Trump's personal holdings to the publicly listed companies he has named and praised reveals a number far exceeding the few well-known tech giants. According to records from public speeches, White House events, and Truth Social posts, Trump has explicitly praised at least 9 publicly listed companies in the past year or so, causing short-term stock price increases. These include Intel, Dell, Micron, Palantir, IBM, Apple, Thermo Fisher Scientific, Tesla, and Nvidia.

The BlockBeats editorial team has summarized some of their common traits:

First and most obviously, they almost all fit the narrative of "New AI Technology," "Leading American Manufacturing," and "Reshoring Production."

Industrially, they are highly concentrated in the AI computing power and semiconductor chain. Intel, Micron, Nvidia, and AMD are chips; Dell is computing hardware; IBM is quantum computing; Palantir is AI software.

Secondly, every company named has a vested interest interface that the government can directly leverage. For example, the government holds 9.9% of Intel; Palantir is a major federal contractor; IBM and Intel receive CHIPS Act funding; Nvidia and AMD benefit from relaxed export licenses to China; Dell secured a $9.7 billion Pentagon contract on May 27 after being praised. Apple was praised for its commitment to invest in the U.S., manufacturing iPhone glass in a Kentucky factory. Intel and Micron are domestic wafer fabs, Dell assembles AI servers in the U.S., IBM has a quantum fab in Albany. On the day Tesla was cheered, Musk immediately pledged to double U.S. production. Trump rarely praises purely overseas production capacity; he praises the action of "bringing production lines back to America."

To some extent, the narratives of these companies have been packaged and elevated into "national security" and "competition with China." Chips are about bottlenecks, quantum about cybersecurity. Of course, a prerequisite for being named is often that the CEO has first pledged allegiance.

A photo from a banquet Trump hosted for tech giants after taking office last year, where he asked each one about their investment amounts in the U.S.

The foundation for all this positive treatment is first and foremost "good connections." These CEOs generally show public support for Trump or have personal relationships with him.

Jensen Huang accompanied him on trips and publicly thanked him. The Dell family donated $6.25 billion to "Trump accounts." Oracle's Larry Ellison is a long-time supporter, deeply involved in the Stargate and TikTok deals. Musk was an ally during the period he was praised. Arvind Krishna was named in person during a meeting.

While the White House's official line is that the president's assets are managed by a trust held by his children, with an independent third-party discretionary account, and that Trump himself does not participate in specific trades, we can indeed observe a temporal overlap between Trump's cheerleading moments and his personal holdings and trades.

For example, Palantir was heavily bought in March, and weeks later Trump named it on Truth Social. Dell was bought for $1-5 million monthly starting February 10, and publicly praised in May. For Apple and Thermo Fisher, the buying and public praise occurred almost on the same day.

If these patterns hold, predicting Trump's next shill target might not be difficult.

Who Might Be the Next to Be Shilled

First, the most likely candidates are companies the government has already invested in: MP Materials (MP), Lithium Americas (LAC), IonQ (IONQ), Rigetti (RGTI), D-Wave (QBTS), and others.

MP Materials is one of the core rare earth magnet suppliers in the U.S., primarily involved in rare earth mining, separation, and processing to produce permanent magnet materials used in fighter jets, electric vehicles, and missile systems.

In other words, it's not just a "resource company," but a component of the defense supply chain.

In July 2025, the U.S. Department of Defense acquired roughly a 15% stake through equity and related arrangements, transforming it from an ordinary publicly listed company into a de facto "quasi-strategic asset." More importantly, this move predated the government's equity stake in Intel.

An interesting point in the market is that compared to Intel's frequent discussions, MP is relatively low-key and hasn't been explicitly named in political narratives. This "already entered but not yet narrated" state itself constitutes lagging pricing.

Lithium Americas is a typical lithium resource development company, with its core asset being the Thacker Pass lithium project in Nevada, one of the largest known lithium resources in North America. The strategic importance of lithium needs no explanation: it's essential for EVs, battery storage, and military energy systems.

The U.S. Department of Energy indirectly holds about a 5% equity stake through warrants and project structures and gains roughly 5% economic interest in the Thacker Pass project. The project is also linked to General Motors (GM), forming a tripartite structure of "government + industry + publicly listed company."

More critically, the U.S. Department of Energy explicitly defined Thacker Pass as a "national security-level strategic lithium asset" in its documents.

Furthermore, according to the Wall Street Journal, several companies including IonQ (IONQ), Rigetti (RGTI), and D-Wave (QBTS) are in discussions to exchange "government equity stakes or quasi-equity arrangements" for at least $10 million in grant support. Quantum Computing (QUBT) and Atom Computing are also being discussed within similar frameworks.

These quantum computing sectors are still in very early stages, but their uniqueness lies in the fact that they naturally belong to the intersection of national security and basic scientific research.

Looking at the timeline, the U.S. government previously launched a quantum technology support program worth approximately $2 billion. IBM received about $1 billion, GlobalFoundries (GFS) about $375 million, and the rest was distributed to various labs and companies.

IBM has already been fully traded by the market in one round, so the next logical step would be purer quantum targets. It's worth noting that the market is already pricing this in ahead of him. On Kalshi, in the market betting on "which companies the government will invest in this year," the probabilities for Rigetti and D-Wave are already above 80%.

GlobalFoundries (GFS) deserves a special mention. It received that $375 million quantum grant, is a domestic U.S. wafer fab, and spans both chips and domestic manufacturing, making it the perfect company to be casually named during an "American-made chips" event.

Beyond companies the government has already invested in, there are also some structurally perfect fits with deep government ties but no explicit equity stake yet.

However, this category is more likely to be named through contracts, exports, or ecosystem support, perhaps less direct than the previous shills.

Oracle (ORCL) might be the best positioned among them, with Ellison's personal connections, Stargate, the TikTok deal, and existing holdings in his personal account—all soft conditions are in place, just waiting for one formal verbal endorsement. Broadcom (AVGO) is similar, a core supplier for custom AI chips and data center construction, already sitting in the portfolio.

Beyond these, there are companies driven by CEO personal relationships. U.S. Steel (X) is worth noting separately. In the Nippon Steel acquisition case, the government secured a "golden share" stronger than common equity, and the narrative of "protecting American steel" can be readily brought back. Although Apple has already been shouted out, its $650 billion U.S. investment commitment is a reusable narrative, making a repeat high probability. Tesla, however, depends on the state of his relationship with Musk, making it the most volatile item on this list.

It should be noted that the above is a pattern deduction based on publicly disclosed industrial policies and shareholding clues, rather than a deterministic prediction, and certainly does not constitute investment advice. These targets themselves carry extremely high political premiums, and political premiums are always a two-way street. They can push stock prices up after a single post, but also compress valuations when the political winds shift.

After all, relying solely on the "White House stock market wizard" for shilling makes the stock price increase quite fragile.