Money managers for Trump executed more than 3,700 trades in Q1, a pace that dwarfs activity in prior quarters. The U.S. Office of Government Ethics filings show million‑dollar purchases of several Big‑Tech names, while holdings in Microsoft and Amazon were trimmed. The Trump Organization says the portfolio is run independently, with no advance notice or direction from the president or his family, and reflect a broader trend of high‑frequency trading by political figures.

Among the trades, the accounts bought at least $1.75 million of Nvidia stock, including a $500,000 purchase on Jan. 6. A week later the administration cleared Nvidia’s H200 AI chips for export to China, and the president recently hosted CEO Jensen Huang aboard Air Force One for a state visit. The timing fuels speculation about policy‑linked gains.

The flurry of tech trades underscores how presidential wealth can intersect with policy decisions, raising eyebrows among ethics watchdogs and market participants. Heavy buying in AI‑focused firms may lift share prices ahead of favorable regulatory moves, while divestments from rivals could signal shifting risk appetite. Regulators now face pressure to tighten disclosure rules for officials’ private portfolios.