Nvidia, Boeing, Intel: what deals did Trump make in his portfolio amid the war?

US President Donald Trump made deals to buy and sell tens of millions of dollars worth of securities of major US companies in the first quarter of 2026 as he launched a war against Iran, disclosed documents have revealed. Those securities include Nvidia, Microsoft, Boeing, Dell and Apple. Trump has not sold his assets since entering the White House, with many of them directly affected by his policy decisions, Bloomberg notes.

Trump's transactions were disclosed in documents released May 15 by the U.S. Office of Government Ethics. In the first quarter of 2026, Trump bought securities of Nvidia, Apple, Dell, Oracle, Microsoft, Boeing and Costco - the value of each position amounted to $5 million. The exact class of assets - stocks or bonds - is not specified in the documents: unlike members of Congress, the president is not obliged to disclose this information, Bloomberg specifies.

During the reporting period, the U.S. president made 19 transactions, including sales, with Netflix securities for amounts ranging from $1,000 to $5 million, and in March bought small stakes of Warner Bros. Discovery and Paramount Skydance. All three companies have been at the center of a high-profile campaign for the rights to Warner Bros. Discovery, which has been accompanied by antitrust concerns.

According to the documents, six of Trump's deals involved chipmaker Intel. Last August, the White House administration entered into an agreement to buy a 10% stake in the company for $9 billion.

Trump made the largest sales in his portfolio on February 10: he sold securities of Microsoft, Meta and Amazon for amounts ranging from $5 million to $25 million for each position. In addition, in January, he sold a stake in the Vanguard exchange-traded fund worth at least $5 million.

A number of companies in Trump's portfolio directly affect his policy decisions, Bloomberg notes. For example, the export of Nvidia chips, critical to the development of the AI industry, requires the approval of the U.S. government. Nvidia CEO Jensen Huang was part of a business delegation accompanying Trump on a visit to China this week. This resulted in approvals to supply H200 chips to ten Chinese companies.

The White House press office told Bloomberg that decisions on Trump's portfolio are made by independent managers as part of index strategies and not personally by the president or his family members. A request to the Trump Organization remained unanswered.

Unlike his predecessors, Trump did not sell the assets or put them into a blind trust under independent management after being elected president. His vast business assets are managed by his two sons and cover several industries whose policies are directly affected by the president's decisions, Bloomberg writes.

This article was AI-translated and verified by a human editor