Donald Trump Bought A Bunch Of Tech Stock The Same Day He Announced His AI Action Plan


Financial disclosures from 2025 show he purchased stocks in Apple, Amazon, NVIDIA and Meta.

The New York Times has delved deep into Donald Trump’s financial disclosures from the first year of his second presidential term. Without a doubt, it was the most personally profitable period of any president’s term in office, personally netting him a figure north of $2 billion. While much of that largesse was earned via Cryptocurrency sales, Trump has also become an investor in big tech. The paper reports that on July 23, he bought up to $5 million of stock in Amazon, Apple, Meta, Microsoft, NVIDIA and Broadcom. It notes, too, the purchases were made on the same day the White House would release its long-awaited AI Action Plan.

In January, The New York Times reported that brokerage accounts tied to the Trump family made more than 3,600 trades. But while the Trump family does not have its assets in a blind trust, it says it does not have a say in which companies its brokers buy and sell shares in. The paper has reported, however, that Trump has often made “well timed” trades, such as an investment made in Dell shortly before it secured a $9.7 billion defense contract. As the Times reports, Trump was legally obligated to disclose the purchases of stock in Amazon, Apple, Microsoft and the rest, but he did not. As a consequence of his repeated omissions, he has had to “pay a small fine for failing to honor this rule.” It’s likely any future violations may not be so easy to deal with —- in January 2025, Trump said he was in favor of American citizens who are “repeat offenders” being made to leave the US.



Source link

  • Related Posts

    EU Politicians Investigated Pegasus Spyware. Then It Ended Up on One of Their Phones

    The research stops short of naming any government that may have used Pegasus against Kouloglou, noting in particular that it found no indication of Greek government involvement. But Citizen Lab…

    IQM, Europe’s first public quantum company, admits the future of the tech is uncertain

    IQM, a full-stack quantum company out of Finland, went public on the Nasdaq Thursday via a SPAC merger at a valuation of about $1.9 billion. But share prices didn’t pop.…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    EU Politicians Investigated Pegasus Spyware. Then It Ended Up on One of Their Phones

    EU Politicians Investigated Pegasus Spyware. Then It Ended Up on One of Their Phones

    Instagram running ads promoting child sexual abuse material in India, BBC finds

    Instagram running ads promoting child sexual abuse material in India, BBC finds

    Biographical note – Tracy Diehl

    California farmer and food marketer spar over who can sell white nectarines

    California farmer and food marketer spar over who can sell white nectarines

    Kyle Lowry to sign with Raptors next week and retire. His No. 7 jersey will also be retired

    Kyle Lowry to sign with Raptors next week and retire. His No. 7 jersey will also be retired

    How The McDonnell Douglas DC-9 Outlasted The Aircraft That Was Built To Replace It

    How The McDonnell Douglas DC-9 Outlasted The Aircraft That Was Built To Replace It