U.S. media: Trump "promoted" companies on Truth Social just days after buying their stocks

Odaily reports that last year, U.S. President Donald Trump posted what he called a "very big and very exciting thing" on his Truth Social platform. This came just after computer chip manufacturing giant Nvidia (NVDA.O) announced plans to build an artificial intelligence supercomputer in the U.S. In a post to his over 9 million followers on April 15, 2025, Trump promised that "all necessary permits will be expedited and quickly delivered to Nvidia and similar companies."

However, Trump did not disclose at the time that he had purchased between $200,000 and $500,000 worth of Nvidia stock just days earlier. A CNN investigation found that Trump promoted over 20 companies on his Truth Social account just days after buying their stocks—sometimes also announcing government actions that could benefit the companies he had just invested in. The White House strongly denied that Trump had ever abused his position for personal gain, stating that all his actions were intended to benefit the American public. According to the White House, all of the president's stock trades were conducted by external financial managers, and Trump and his family had no control over the specific transactions. (CNN)