Trump discloses Nvidia stock trades as he prepares to honor CEO Huang
“President. Donald Trumpbought as much as $1.6 million and sold as much as $1 million in Nvidia stock in August,, which was released on Thursday as he prepared to award Nvidia CEO Jensen Huang the nati…”
The new disclosure of the president's investment in one of the world's most valuable companies comes as his administration weighs policies that could shape Nvidia's fortunes, including rules governing exports of its advanced chips.
White House spokesperson Davis Ingle said in a statement to Reuters that third-party financial institutions independently manage the president's portfolio and replicate "recognised indexes, such as the Schwab 1000. "Read More:US suspends Microsoft, major IT firms from key green card programme.
Huang is set to receive the National Medal of Science from Trump on Thursday. The award honors Americans who have made "outstanding contributions to knowledge in the physical, biological, mathematical, engineering, or social and behavioral sciences, in service to the nation," 's website.
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Past recipients have been honored for advances ranging from cancer detection to protecting the food supply during droughts. The Nvidia trades were one of hundreds the president made in August, by the president on September 17 and made public on Thursday.
"All investment decisions are made entirely by independent managers," Ingle said. "There are no conflicts of interest.”Trump is also set to give the same award to SpaceX CEOElon Muskand Google co-founder Sergey Brin on Thursday.
Nvidia's spokesperson did not immediately respond to a request for comment.
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