Trump discloses Nvidia stock transactions

President Donald Trump acquired as much as $1.6 million in Nvidia shares and divested up to $1 million in August, based on his recent financial disclosure. Made public Thursday as he got ready to award CEO Jensen Huang with the highest national honor for scientific accomplishment.

The recent details about the president’s stake in one of the globe’s most valuable firms emerge as his administration considers policies that might influence Nvidia’s future. Such as rules regulating the export of its advanced chips.

White House representative Davis Ingle mentioned that the president’s portfolio is managed independently by external financial firms that mirror «established indices, like the Schwab 1000.»

Huang is set to be awarded the National Medal of Science by Trump on Thursday. The accolade recognizes Americans who have made «exceptional contributions to knowledge in the physical, biological, mathematical, engineering, or social and behavioral sciences, in service to the country,» as stated on the National Science Foundation website.

Previous awardees include those acknowledged for innovations spanning from cancer diagnosis to safeguarding the food supply during periods of drought.

Trading in Nvidia shares was one of hundreds of transactions carried out by the president in August. According to the document he signed on September 17.

“All investment decisions are made entirely by independent managers,” Ingle stated. “There are no conflicts of interest.”

Trump also plans to present the same award to SpaceX CEO Elon Musk and Google co-founder Sergey Brin this Thursday.