Trump's First-Quarter Disclosure Shows Heavy Buying of NVIDIA and Apple in AI Chip Bet

U.S. President Donald Trump continued adjusting his investment portfolio while in office during the first quarter of 2026, according to a financial disclosure covering assets including NVIDIA, Apple and S&P 500 funds. Because his administration's policies directly affect the AI, semiconductor and technology sectors, the transactions have drawn scrutiny from the U.S. Office of Government Ethics and the market, while also raising conflict-of-interest concerns.

As of March 31, 2026, the filing listed 3,642 transactions with an aggregate maximum value of $750 million. Trump increased his holdings in NVIDIA, Apple, Dell and Alphabet, while adding exposure to defense and crypto-related stocks and acquiring about $1 million of Kura Sushi shares. During the same period, he sharply reduced his holdings in Microsoft, Amazon and Meta.