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US media: After buying stocks for several days, Trump promoted relevant companies on the “Truth Social” platform, using a “content-driven selling” approach.

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Mars Finance News: On July 16, according to CNN, last year U.S. President Donald Trump posted a “very important and exciting piece of news” 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 U.S. In a post to his more than 9 million followers on April 15, 2025, Trump promised that “all necessary licenses would be expedited and delivered quickly to NVIDIA and similar companies.” However, what Trump did not reveal then was that just days earlier, he had bought shares of the company worth between $200k and $500k. A CNN investigation found that within days of purchasing stock in more than 20 companies, Trump promoted those companies on his Truth Social account—sometimes also announcing government actions that could benefit companies he had just invested in. The White House strongly denied that Trump had used his position for personal gain, and said all of his actions were intended to benefit the American public. The White House said that all of the president’s stock trades are handled by external financial managers, and that Trump and his family have no control over the specific transactions. (Jin10)
NVDA-2.36%
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