Lates News

According to CNN, last year former President Trump made a "very important and exciting announcement" on the "Truth Social" platform. At the time, the computer chip manufacturing giant Nvidia (NVDA.O) had just announced plans to build an artificial intelligence supercomputer in the United States. In a post published 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, what Trump did not reveal at the time was that he had just purchased between $200,000 and $500,000 worth of stock in the company just a few days earlier. A CNN investigation found that Trump promoted over 20 companies on his Truth Social account shortly after buying their stocks, sometimes even announcing government actions that could benefit the companies he had recently invested in. The White House strongly denied that Trump had used his position for personal gain and stated that all his actions were aimed at benefiting the American public. The White House claimed that all of the President's stock trades were carried out by external financial managers and that Trump and his family had no control over specific transactions.