Trump reports Nvidia stock trades ahead of awards to Huang, Musk and Brin
The president's disclosure lists up to $2.6 million in Nvidia purchases and sales during August, as his administration weighs policies affecting the chipmaker.
President Donald Trump bought up to $1.6 million worth of Nvidia stock and sold up to $1 million worth in August, according to his latest financial disclosure, released Thursday as he prepared to honor Nvidia CEO Jensen Huang with the National Medal of Science.
The disclosure of Trump's trades in the world's most valuable company comes as his administration weighs policies that could affect Nvidia's business, including rules governing exports of its advanced chips.
White House spokesperson Davis Ingle told Reuters that independent third-party financial institutions manage Trump's portfolio and replicate "recognized indexes, such as the Schwab 1000."
Huang is among several technology executives set to receive national honors from Trump at a science summit on Thursday. According to the White House, the National Medal of Science will also go to SpaceX and Tesla CEO Elon Musk, Google co-founder Sergey Brin and Advanced Micro Devices CEO Lisa Su.
Michael Dell and Microsoft CEO Satya Nadella are set to receive the National Medal of Technology and Innovation.
The event, titled the Science: A New Golden Age Summit, is intended to recognize contributions to science and technology. The National Medal of Science 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," according to the National Science Foundation.
Past recipients have been recognized for advances ranging from cancer detection to protecting the food supply during droughts.
The Nvidia transactions were among hundreds of trades Trump made in August, according to the disclosure, which he signed on September 17 and which was made public Thursday.
"All investment decisions are made entirely by independent managers," Ingle said. "There are no conflicts of interest."
The White House said the administration was grateful for the contributions of the technology and science leaders, adding that the recipients were helping ensure the U.S. remained a global leader in innovation.
