US media: After buying stocks for several days, Trump began “driving sales” for the relevant companies on the “real social” platform

BlockBeats news, July 16, according to CNN, last year U.S. President Trump posted a “very重大且令人兴奋的消息” on the Truth Social platform. At the time, computer chip manufacturing giant Nvidia (NVDA.O) had just announced plans to build an AI supercomputer in the United States. In a post made on April 15, 2025 to more than 9 million followers, Trump promised that “all necessary licenses will be expedited and delivered promptly to Nvidia and similar companies.” However, what Trump didn’t disclose then was that just days earlier he had bought shares of the company worth $200k to $500k.

CNN’s investigation found that only a few days after Trump bought stock in more than 20 companies, he promoted those companies on his Truth Social account—sometimes also announcing government actions that could potentially benefit the companies he had just invested in. The White House strongly denied that Trump used his office for private gain, and said all his actions were for the benefit of the American public. The White House said that all stock trades by the president were carried out by external financial managers, and that Trump and his family had no control over specific transactions. (Jin Ten)