In December 2025, Trump said Nvidia could sell its H200 chips to China, and the Department of Commerce approved the move in January 2026; experts described the chips as among Nvidia’s most advanced and six times more capable than those then available in China.

The decision followed the administration’s repeal in May 2025 of a Biden-era rule designed to limit exports of the most advanced US artificial-intelligence chips to China, amid concerns about China’s ability to develop advanced AI.

Public disclosures cited by DeKleptocracy show Trump bought between $1 million and $5 million in Nvidia shares around the time restrictions were lifted, including at least three purchases of $250,001 to $500,000 each in the days after he announced the H200 decision.

The disclosures also indicate Trump made dozens of Nvidia stock transactions since taking office, and his purchases of Nvidia shares came before the company’s stock rose after the announcement.

The timing draws attention to Nvidia’s exposure to China, which accounted for about a quarter of its sales from 2010 to 2022.

Trump’s disclosures also listed share purchases in Apple, Meta and Microsoft.

The Council on Foreign Relations warned that H200 sales could boost China’s AI data-center capabilities and strengthen a technological competitor to the United States; DeKleptocracy argued that Trump’s financial interests warranted scrutiny alongside concerns about alleged Chinese influence on White House policy.

The article also reports allegations that Jensen Huang, Nvidia’s former chief executive, had an affair with alleged Chinese spy Alice Huang, whose company reportedly obtained billions of dollars’ worth of Nvidia chips; Trump was twice briefed on intelligence assessments that she was a Chinese asset and did not act on them.

Jensen Huang has been described as a close Trump ally, and Nvidia contributed $25 million to Trump’s ballroom in October 2025.