Trump reveals millions of dollars' worth of share deals in big tech and AI
Summary
President Donald Trump disclosed millions of dollars in stock trades during July, involving companies like Microsoft, Nvidia, Palantir, SpaceX, and Tesla. White House officials said his investment portfolio is managed by third parties, and he does not control the buying or selling decisions.Key Facts
- President Trump’s stock trades in July included shares of Microsoft, with sales between $6.5 million and $31 million and purchases between $165,000 and $400,000.
- Over 1,000 trades involved AI company Nvidia and Palantir, a software firm working with US defense and immigration agencies.
- Trump’s portfolio also had thousands of dollars of trades in SpaceX, which recently started trading on the Nasdaq stock market.
- SpaceX’s share price dropped in July and August but remains 14% higher than its initial stock market price.
- Tesla shares were also traded on behalf of President Trump.
- The White House said the president and his family do not influence the investment decisions in the portfolio.
- President Trump has made public many stock trades since returning to the White House in January last year.
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