President Donald Trump purchased between $1 million and $5 million each in shares of six major tech companies on July 23, 2025. The same day, his administration released “Winning the Race: America’s AI Action Plan,” a strategic document outlining more than 90 policy actions designed to cement US dominance in artificial intelligence.
The six stocks: Broadcom, Meta, Amazon, Apple, Microsoft, and Nvidia.
The trades and the timing
The AI Action Plan detailed over 90 specific policy initiatives aimed at advancing AI capabilities across the country. That included executive actions to boost AI-related exports and streamline the approval process for semiconductor manufacturing facilities, both of which directly benefit chipmakers like Nvidia and Broadcom.
The groundwork for this plan had been laid months earlier. Executive Order 14179, signed on January 23, 2025, established the framework by emphasizing regulatory reduction as a cornerstone of the administration’s AI strategy. The July action plan was the operational follow-through.
No legal findings have been established against Trump for these trades.
A pattern that only got louder
Subsequent financial disclosures revealed that Trump’s trading activity surged dramatically in early 2026, with his accounts executing over 3,600 stock transactions totaling between $220 million and $695 million in value, with the portfolio heavily concentrated in tech stocks.
Multiple instances were reported where Trump’s stock purchases predated public endorsements or policy changes that affected those same companies.
What this means for investors
Nvidia and Broadcom stand to benefit most directly from streamlined chip manufacturing approvals. Meta, Amazon, Microsoft, and Apple are positioned to gain from broader AI infrastructure expansion and reduced regulatory overhead on AI development and deployment.
One notable absence from the July 23 trading activity: crypto. Despite the administration’s parallel discussions around digital asset policy, Trump made no purchases of cryptocurrencies or crypto-related assets alongside the AI Action Plan.