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In May 2025, Trump’s administration rescinded a Biden-era rule designed to prevent the most advanced US-made AI chips from being exported to China.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

  • humanspiral@lemmy.ca
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    8 hours ago

    Also made energy investments/sales timed to match TACO and threat events. We only have disclosures up to June.

  • RunningInRVA@lemmy.world
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    1 day 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@lemmy.world
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      24 hours 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.

      • im_fine_sandy@nord.pub
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        15 hours ago

        They don’t give a shit provided they’re going to be shielded from consequences.

        Dems are going to start investigating everything next year. It’s going to be a shit storm for Republicans.

        Yes Trump could dish out pardons, but I can see how that might not be very reassuring.

        Whoever replaces Trump, Republican or Democrat, they’re going to throw him and anyone associated under the bus. IDK how bulletproof pre-emptive pardons are, but I wouldn’t bet my future on one.

        • zoloftt@lemmy.world
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          9 hours ago

          Totally, I only meant to highlight the statement “…hand will be forced.” is maybe a little too optimistic for these ghouls.

          They’ll eat their own, but I doubt any will impeach Trump. He’s their safety net.

      • tea@lemmy.today
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        17 hours ago

        Getting Republicans to participate would be great and now it seems liklier than ever. But it’s not nothing impeaching without removal. Forcing Republicans to protect him a 3rd time might be politically costly at this stage.

      • DekSomBoon@lemmy.today
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        22 hours ago

        I am optimistic that there could be enough salty republicans that will do anything to distance them from trump. The lack of loyalty is one of the traits of some of those people

        • lepthesr@sh.itjust.works
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          22 hours ago

          That’s the only reason, to save their own skin knowing there is 2 years left. Congress is halted on anything, at least it fucking better be, save investigations and multiple impeachments.

          Republicans are scared, and the only reason they would do anything is their own self interest.

          Ironic their selfishness could be the thing that saves us from this monster.

      • Taldan@lemmy.world
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        17 hours ago

        I think history will crucify him for it. Give it a couple decades, when he is no longer relevant and everyone pretends they were always against him

      • takeda@lemmy.dbzer0.com
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        24 hours 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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        1 day 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.

    • UnderpantsWeevil@lemmy.world
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      21 hours ago

      m certain this will accumulate into something so damning that their hand will be forced.

      You can’t force the hands of the controlled opposition

      Schumer and Jefferies exist to protect the Republicans, not to oppose them

    • Taldan@lemmy.world
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      17 hours ago

      They’ll have to flip 11 Republicans (after Jan 3rd) to convict him kn the impeachment. That’s assuming Fetterman doesn’t cross the aisle

      It’d have to be pretty bad for that, but it’s possible

      • WhatAmLemmy@lemmy.world
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        17 hours ago

        Colluding with Mossad/CIA to create a child sex trafficking ring with Epstein is treason. It may not be treason to the current criminals that occupy “intelligence” or politics, but it is certainly treason to the concept of democracy and “the will of the people”.

        We were never given the option to support genocide, terrorism, or pedophilia. They architected their entire propaganda apparatus around denialism and rejecting the idea that any of those things could happen under their oversight; their checks and balances. They spent the entire time lying to us, telling us that they were fighting for our FREEDOM™️.

  • Thebeardedsinglemalt@lemmy.world
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    23 hours ago

    Yup, anti-democrat ads saying “Marcy Kaptur owns stocks while voting on policy, she doesn’t deserve to be in politics” meanwhile they’re perfectly cool with a pedo making billions by being as corrupt as he claims the Biden family to be

  • JustPlainDave@lemmy.zip
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    22 hours ago

    I would say “that’s a violation of the emoluments clause”, but he’s been violating that since his first term.

  • lennybird@lemmy.world
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    23 hours ago

    Pretty fucking obvious that America is For Sale right now. Not just that, there’s an active sabotage operation going on. Absolutely no surprise that the “tough on China” shtick was always a total facade as well.