Trump purchased up to $5m of stock before revoking Biden-era rule that limited Nvidia’s ability to sell to China

Donald Trump bought Nvidia stock worth millions of dollars as he made decisions on America’s China policy that would benefit the chipmaker, an analysis has found.

In May 2025, Trump’s administration rescinded a Biden-era rule designed to prevent the most advanced US-made AI chips from being exported to China.

This rule aimed to strengthen the US’s own chip industry and to protect America from what was widely regarded as a national security threat: the possibility that China might develop superior AI.

  • RunningInRVA
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    44 minutes ago

    This scandal is going to run deeper than anybody thinks. The democrats say they won’t impeach Trump, but I’m certain this will accumulate into something so damning that their hand will be forced.

    • zoloftt
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      2 minutes ago

      You do realize that the problem with impeaching and convicting Trump is not whether or not he’s done anything illegal, but getting Republicans to participate?

      They don’t give a shit how illegal anything is, as long they can stay in charge and continue to fleece everyday people.

      • takeda@lemmy.dbzer0.com
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        5 minutes ago

        My theory is that the main reason they fight so much against releasing these files is that besides billionaires there likely also judges, politicians and other people in power there.

        The fact that after the election Republicans didn’t start to think that maybe they should start to distance from the 80y senile old man that people are clearly against and instead decided to double down tells me that there must be either blackmail or bribes. It makes no other sense.

      • Jo Miran@lemmy.ml
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        17 minutes ago

        Apparently, you can fuck little girls, as long as you don’t fuck with rich folk money. This scandal has made number go down. Unforgivable sin.