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 far exceeds that of most professional fund managers.

If it were just the high trading frequency, it might not have caught the market's attention.

What has truly sparked discussion on Wall Street is another set of increasingly undeniable data: over the past year, the publicly listed companies Trump has explicitly praised are showing an increasingly clear overlap with his own portfolio, government industrial policies, and federal fund 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 like Dell, Intel, Micron, Nvidia, IBM, Apple, and Thermo Fisher entering his public praise list.

Some companies' stock prices showed significant movements after being mentioned; for some, Trump's account had already established positions before the praise; others simultaneously received government contracts, subsidies, export permits, or other policy support.

When these events occur in isolation, they might be mere coincidences. But when more and more coincidences point to the same group of companies, an inevitable question arises: Is Trump genuinely supporting American manufacturing and tech industries, or is he shaping his own list of "presidential concept stocks"?

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

Common Traits of Those "Pumped" Companies

From the March 2025 spectacle of turning 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 sharply increased 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 called at the White House, "Go buy a Dell, they're 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 typical 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 approximately 9.9% at $20.47 per share. This made the U.S. government Intel's largest shareholder, with the community dubbing it "America's state-owned enterprise." Six months later, in early March 2026, his personal account also appeared in Intel. Subsidy-to-equity conversion, government backing, personal holdings, and public endorsement all became tailwinds for Intel.

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

If we expand the scope from Trump's personal holdings to all publicly listed companies he has explicitly praised, the number far exceeds the few tech giants familiar to outsiders. Based on records from public speeches, White House events, and Truth Social posts, Trump has clearly praised at least nine publicly listed companies over the past year or so, causing short-term stock price surges. These include Intel, Dell, Micron, Palantir, IBM, Apple, Thermo Fisher Scientific, Tesla, and Nvidia.

Here are some common traits summarized:

First and most obviously, they almost all align with the narratives of "new AI technology," "leading American manufacturing," and "reshoring production capacity."

Industrially, they are heavily concentrated along the AI computing power and semiconductor supply chain. Intel, Micron, Nvidia, and AMD represent chips; Dell represents computing hardware; IBM focuses on quantum computing; and Palantir is in AI software.

Secondly, each praised company has a government interest interface that can be directly leveraged. For example, the government holds 9.9% of Intel; Palantir is a major federal contractor; IBM and Intel received CHIPS Act funding; Nvidia and AMD benefited 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 investing in the U.S. and manufacturing iPhone glass in a Kentucky factory; Intel and Micron are domestic wafer fabs; Dell assembles AI servers in the U.S.; IBM operates a quantum foundry in Albany. When Tesla was praised, Musk immediately promised to double U.S. production. Trump rarely praises purely overseas capacity; he praises the act of "bringing production lines back to America" itself.

To some extent, the narratives of these companies have been packaged and elevated to "national security" and "competition with China." Chips are a bottleneck; quantum computing is about cybersecurity. Of course, being praised often comes with a prerequisite: the CEO first delivers a "letter of fealty."

After taking office last year, Trump hosted a dinner for tech giants, asking each about their investment amounts in the U.S.

All these positive signals first require "good relations." These CEOs generally show public support for Trump or have personal connections 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 praised in person at a meeting.

Although the White House's official stance is that the president's assets are held in a trust managed by his children, with third-party discretionary accounts operating independently, and that Trump himself does not participate in specific trades, we can indeed observe a temporal overlap between Trump's public endorsements and his personal holdings and trades.

For instance, Palantir saw heavy buying in March, and weeks later, Trump praised it on Truth Social. Dell was bought with $1 million to $5 million monthly starting February 10, with a public shout-out in May. For Apple and Thermo Fisher, purchases and public praise occurred almost on the same day.

If these patterns hold true, predicting Trump's next endorsement becomes much easier.

Who Might Be the Next to Be Endorsed?

First, the most likely candidates are companies where the government has already taken a stake: 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 engaged in rare earth mining and processing, ultimately producing permanent magnet materials used directly in fighter jets, electric vehicles, and missile systems.

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

In July 2025, the U.S. Department of Defense acquired approximately a 15% stake through equity and related arrangements, transforming it from an ordinary listed company into a "quasi-strategic asset." Crucially, this move occurred before the government's stake in Intel.

Interestingly, compared to Intel's frequent discussions, MP Materials has remained relatively low-profile, not yet being the central focus of political narratives. This "already invested but not yet highlighted" state itself constitutes a delayed pricing opportunity.

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

The U.S. Department of Energy indirectly holds about a 5% stake through warrants and project structures, along with approximately a 5% economic interest in the Thacker Pass project. Additionally, the project is tied to General Motors (GM), forming a "government + industry + listed company" tripartite structure.

More importantly, 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, companies including IonQ (IONQ), Rigetti (RGTI), and D-Wave (QBTS) are discussing exchanging "government equity or quasi-equity arrangements" for at least $10 million in grant support. Quantum Computing (QUBT) and Atom Computing are also being considered within a similar framework.

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

Taking a longer view, the U.S. government previously launched a quantum technology support program worth about $2 billion, with IBM receiving approximately $1 billion, GlobalFoundries (GFS) about $375 million, and the remainder distributed to various labs and companies.

IBM has already been fully traded by the market in one round. The next logical step would be towards more "pure-play" quantum targets. Notably, the market has already begun pricing this in. On Kalshi, the betting market for "which companies the government will invest in this year" has pushed the probabilities for Rigetti and D-Wave above 80%.

GlobalFoundries (GFS) deserves a special mention. It received that $375 million quantum grant and is also a domestic U.S. wafer fab. Occupying both the chip and domestic manufacturing lanes, it is the most suitable company to be mentioned in passing during a "Made in USA Chips" event.

Beyond companies where the government has already taken stakes, there are also some structurally perfect fits with deep government relations that haven't yet received explicit equity. These could be discussed.

However, this category is more likely to be endorsed in terms of contracts, exports, or ecosystem contributions, which might be less direct than previous endorsements.

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

Beyond these, there are companies driven by CEO personal relationships. The U.S. Steel (X) line is worth noting separately. In the Nippon Steel acquisition case, the government secured a "golden share" more powerful than ordinary shares, and the "protect American steel" narrative can be revived at any time. Although Apple has already been praised, its $650 billion U.S. investment commitment is a reusable asset, making a repeat endorsement quite likely. Tesla, however, depends on the state of his repair with Musk and is the most volatile item on this list.

It should be noted that the above is a pattern-based inference drawn from publicly disclosed industrial policies and holdings clues. It is not a deterministic prediction and certainly does not constitute investment advice. These targets inherently carry a high political premium, and political premiums are always two-sided. They can drive stock prices up after a single post, but they can also crush valuations when the political winds shift.

After all, if price increases rely solely on endorsements from the "White House stock wizard," their strength remains quite fragile.