U.S. Media: Trump Promoted Companies on Truth Social Just Days After Buying Their Stocks

Odaily Planet Daily News: Last year, U.S. President Donald Trump posted a "very big and exciting announcement" on his Truth Social platform. At the time, computer chip manufacturing giant Nvidia (NVDA.O) had just announced plans to build an artificial intelligence supercomputer in the United States. In a post on April 15, 2025, to his over 9 million followers, Trump pledged that "all necessary permits will be expedited and quickly delivered to Nvidia and similar companies."

However, what Trump did not disclose at the time was that just a few days earlier, he had purchased between $200,000 and $500,000 worth of the company's stock. 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 ever used his position for personal gain, stating that all his actions were intended to benefit the American public. A White House spokesperson said that all of the president's stock trades were handled by an external financial manager, and that neither Trump nor his family had any control over specific transactions. (CNN)