New disclosure forms show that more than 3,700 transactions were recorded under President Donald Trump's name in the first quarter of 2026, spanning stocks such as Nvidia $NVDA, Microsoft $MSFT, Amazon $AMZN, and Meta $META. Taken together, the disclosed trades carry a cumulative estimated value somewhere between $220 million and $750 million.
The timing of several purchases coincided with favorable regulatory decisions from the Trump administration. A purchase of between $1 million and $5 million in Nvidia shares was recorded on Feb. 10, seven days before the chipmaker unveiled a major processing-power deal with Meta, according to NOTUS. An earlier Nvidia buy, valued between $500,000 and $1 million and dated Jan. 6, came roughly a week ahead of the Commerce Department's decision to green-light exports of certain Nvidia chips to China.
AMD $AMD stock purchases showed a similar pattern. Records filed with the U.S. Office of Government Ethics show a $50,000-to-$100,000 AMD position was opened on Jan. 6. The following week, on Jan. 13, the Commerce Department cleared the way for AMD to export chips to Chinese buyers, according to NOTUS. Across the full three-month period, AMD acquisitions under Trump's name totaled a minimum of $740,000.
Trump also began building a Palantir $PLTR Technologies position worth at least $260,000 on Jan. 6. Later, in February, Palantir landed a contract worth roughly a billion dollars with the Department of Homeland Security, under which its software would support the administration's mass deportation efforts. Trump purchased between $1 million and $5 million in Axon stock on Feb. 10 as well. Days later, on Feb. 24, ICE announced it intended to procure roughly 17,800 Tasers at a cost of $220 million spread over five years — a contract windfall that would flow directly to Axon, according to Scripps News.
The filings are silent on who actually directed the buying and selling. When NOTUS raised questions with the White House, it was pointed to the Trump Organization, whose spokesperson maintained that neither Trump, his relatives, nor the organization has any involvement in or advance knowledge of the trades. A Trump Organization spokesperson stated: "President Trump's investment holdings are maintained exclusively through fully discretionary accounts independently managed by third-party financial institutions with sole and exclusive authority over all investment decisions." In a separate statement to CNBC, Davis Ingle, a White House spokesman, said "there are no conflicts of interest," adding that the president's holdings sit inside a trust overseen by his children.
Compared with the opening year of his second term — when Trump steered his portfolio toward bonds and steered clear of individual equities — the new filings reveal a notably different approach. Presidents are not prohibited from holding or trading stock while in office but are required to disclose transactions.
Donald K. Sherman, who leads the government watchdog Citizens for Responsibility and Ethics in Washington, told Scripps News that Trump has repeatedly chosen personal financial gain over transparency, arguing that he "has prioritized serving himself at the expense of public trust" rather than steering clear of companies that have regulatory matters pending before his own administration.