Trump discloses multi‑million dollar tech and AI stock transactions
The White House confirmed that a series of equity transactions involving shares of Microsoft Corp., Nvidia Corp. and SpaceX were carried out on behalf of the president through a designated financial manager, as disclosed in the administration’s latest financial filing. The filing, released on Thursday, indicates that the purchases and sales were executed by a third‑party investment adviser operating under a blind‑trust arrangement, a structure the president has used to distance himself from direct market activity while in office.
According to the filing, the adviser bought and sold approximately $12 million in combined holdings of the three companies over the past six months, adhering to the Treasury Department’s conflict‑of‑interest guidelines and filing the requisite reports with the Office of Government Ethics. The White House spokesperson reiterated that the transactions were fully compliant with existing ethics rules and that the president does not have direct knowledge of the specific trades. Federal oversight agencies will continue to monitor the arrangements to ensure ongoing adherence to disclosure and conflict‑avoidance requirements.
Read the original at BBC Business