On July 16, CNN reported that last year, former U.S. President Donald Trump announced a 'very significant and exciting news' on the Truth Social platform. At that time, computer chip manufacturing giant Nvidia (NVDA.O) had just revealed plans to build an artificial intelligence supercomputer in the United States. In a post made on April 15, 2025, to his over 9 million followers, Trump promised that 'all necessary permits will be expedited and quickly delivered to Nvidia and similar companies.' However, what Trump did not disclose at the time was that just days earlier, he had purchased between $200,000 and $500,000 worth of stock in the company. A CNN investigation found that days after buying stocks in over 20 companies, Trump promoted these companies on his Truth Social account—sometimes announcing government actions that could benefit the companies he had just invested in. The White House strongly denied that Trump had used his position for personal gain, stating that all his actions were intended to benefit the American public. The White House claimed that all of the President's stock transactions were managed by external financial managers, and that Trump and his family had no control over specific trades.