Policy · Explainer

Which AI and chip stocks does Trump own?

6 August 2026 · 8 min read

Short answer: federal ethics filings covering the first quarter of 2026 record purchases under President Trump's name in Nvidia, AMD, Broadcom, Micron, Intel, Dell and Texas Instruments, alongside a much longer list of large-cap technology names including Microsoft, Amazon, Apple, Meta, Alphabet and Oracle. Six of those seven semiconductor and hardware names are tracked on this site.

The detail matters more than the list, though, because these filings are easy to misread in both directions. Here is what the record actually contains.

What the filings are

US presidents are not prohibited from holding or trading securities, but they are required to disclose transactions. Those disclosures take the form of OGE Form 278-T periodic transaction reports, filed with the Office of Government Ethics and published.

Three features of the format shape everything below:

Values are bands, not numbers. A filing says a purchase was worth $1,000,001 to $5,000,000. It never says the price paid, the number of shares, or the profit.
Only transactions above $1,000 are listed, and several asset types are exempt from disclosure entirely, including mutual funds, other pooled investment funds, US Treasury bonds and real property.
They record transactions, not holdings. A periodic report tells you something was bought or sold in a window. It is not a portfolio statement, so "what does he own today" cannot be answered precisely from it.

The scale of the activity

Reporting on the disclosures covering Trump's first year in office described roughly 21,000 securities transactions. For comparison, the equivalent filing from the first year of his first term listed 86.

The first quarter of 2026 alone accounted for more than 3,600 transactions — the OGE filing records 3,642, which works out at roughly 58 trades for every US trading day in the quarter. Their cumulative disclosed value falls somewhere between $220 million and $750 million, a spread that exists only because of the banding described above.

The activity also marks a change in approach. Coverage of the earlier filings noted that during the first year of the second term the portfolio had leaned heavily toward corporate and municipal bonds rather than equities.

The semiconductor and AI names

Nvidia (NVDA)

Two purchases are widely reported from the first quarter of 2026: one valued at $500,000 to $1 million dated 6 January, and a larger one valued at $1 million to $5 million dated 10 February.

AMD

A position valued at $50,000 to $100,000 was opened on 6 January. Across the full quarter, AMD purchases under Trump's name totalled at least $740,000 by the low end of the disclosed bands.

Broadcom (AVGO)

Appears among the larger purchases in the $1 million to $5 million band. Broadcom was also among six companies bought in that band on 23 July 2025 — the same day the White House released its AI Action Plan — alongside Amazon, Apple, Meta and Microsoft.

Micron (MU) and Intel (INTC)

Both appear in the $500,000 to $1 million purchase band for the quarter. Intel is one of several holdings in companies that also hold government contracts.

Dell (DELL) and Texas Instruments

Both appear among roughly three dozen transactions in the $1 million to $5 million band during the quarter, alongside ServiceNow, Adobe, Oracle, Motorola, Microsoft, Amazon and Nvidia.

The timing question, stated carefully

Several outlets have noted that certain purchases preceded favourable regulatory decisions by a matter of days.

The two most cited: the January Nvidia purchase came roughly a week before the Commerce Department cleared exports of certain Nvidia chips to Chinese customers, and the 6 January AMD purchase came about a week before a similar Commerce decision for AMD on 13 January. The February Nvidia purchase preceded Nvidia's announcement of a major processing-power agreement with Meta by about seven days.

What the record does not establish is equally important, and any honest treatment has to say so plainly:

No charges have been brought and no act of insider trading has been proven.
The filings do not say who directed the trades. They record activity under the filer's name without specifying whether it was directed personally, by family members, or by brokers exercising discretion. Some entries indicate broker involvement. Trump's personal assets and business interests are run by Donald Trump Jr. and Eric Trump.
The pattern is consistent with professional management. Trade volumes at this cadence, spread across hundreds of large-cap names, look more like a managed mandate than individual stock picking. Reporting on the annual filing made this point directly.
Asked to clarify whether the transactions reflected direct trading or managed accounts, an OGE spokesperson declined to address the specifics.

Both readings — that the timing warrants scrutiny, and that this is what a large managed portfolio looks like — are supported by the same document, because the document does not contain the information that would separate them. That ambiguity is a feature of the disclosure format, not evidence either way.

One more detail worth noting

The Q1 2026 filing was certified on 8 May and received by OGE on 12 May. A handwritten note on the cover page reads Filer paid late fees, indicating the 30-to-45 day disclosure window set by federal regulation had been exceeded. Late filing has been a recurring feature of these disclosures rather than a one-off.

What this means if you are watching these stocks

Very little, mechanically. By the time a periodic transaction report is public, the trade is typically 30 to 120 days old, the price paid is unknown, and the size is a range. It is an archive, not a signal, and anyone marketing it as a trading edge is selling something.

Where it is genuinely useful is as a map of policy exposure. The overlap between the disclosed names and companies subject to export licensing, federal contracting and tariff policy is the substantive story — and it is the same overlap that makes export-control announcements move this sector regardless of who owns what.

How to check this yourself

Periodic transaction reports are published by the Office of Government Ethics, and the White House has posted copies of some filings directly. Several independent trackers index them in a more readable format. Always prefer the filing over a summary of it, including this one — the bands and dates are unambiguous in the original and frequently rounded in coverage.

Frequently asked questions

Does Trump own Nvidia stock?

Federal ethics filings record Nvidia purchases under President Trump's name in the first quarter of 2026 — one valued at $500,000 to $1 million dated 6 January, and one valued at $1 million to $5 million dated 10 February. The filings report transactions rather than current holdings, so they do not confirm what is held today.

Which chip stocks appear in Trump's disclosures?

Nvidia, AMD, Broadcom, Micron, Intel, Dell and Texas Instruments all appear in the first-quarter 2026 filings. Six of those seven are tracked on ChipSentiment.

Is it legal for a US president to trade stocks?

Yes. Presidents are not prohibited from holding or trading securities, but they must disclose transactions above $1,000 through periodic transaction reports filed with the Office of Government Ethics. There is no blind trust requirement.

Did Trump personally make these trades?

The filings do not say. They record activity under the filer's name without specifying whether trades were directed personally or executed by brokers or managers with discretion. Some entries indicate broker involvement, and the volume and spread of the activity is consistent with professional management. The OGE declined to clarify when asked.

Can you use these disclosures as a trading signal?

Not realistically. Filings are published weeks to months after the trades, report value bands rather than amounts, and do not disclose prices. By the time the information is public, any move has usually already happened.