President Donald Trump personally bought and sold millions of dollars worth of stock in technology companies and government contractors early this year, according to new government records.

The Trump administration directly regulates some of these companies and many of these trades coincided with favorable regulatory decisions.

Trump purchased $1 million to $5 million dollars worth of Nvidia stock on Feb. 10, only a week before Nvidia announced a major computer processing power deal with AI and social media giant Meta. Trump previously purchased $500,000 to $1 million worth of Nvidia stock on Jan. 6, a week before the Commerce Department officially approved the sale of some Nvidia chips to China. The Chinese AI market is a long-sought target for Nvidia since the federal government controls the sale of advanced AI chips to countries designated as foreign adversaries, such as China.

Nvidia, the most valuable company in the world, sells and designs advanced semiconductors that are necessary for the development of artificial intelligence. It is also a major government contractor. The company has become a popular investment among national politicians.

Federal ethics laws require the president to disclose stock trades in broad ranges. The White House referred NOTUS’ questions about the trades to the Trump Organization, which did not immediately respond to a request for comment.

Investigative news organization Sludge first reported Trump’s disclosures, which he filed May 14 with the Office of Government Ethics. The disclosure indicates Trump made more than 3,600 individual stock and other financial trades during the first three months of 2026. This represents a shift in Trump’s personal investing strategy, as he had largely avoided stocks and invested in corporate and municipal bonds during the first year of his second presidential term.

AMD, another AI semiconductor company, was also authorized by the Department of Commerce to sell their chips to Chinese customers on Jan. 13. Trump purchased $50,000 to $100,000 worth of AMD stock on Jan. 6. In all, Trump bought at least $740,000 in AMD stock last quarter.

While the Trump administration spent billions of dollars on immigration enforcement and mass deportation efforts, Trump also invested in companies that contracted with immigration enforcement agencies.

Chief among them: Palantir Technologies. Trump purchased at least $260,000 worth of Palantir stock during the first three months of 2026.

In January alone, Trump bought $65,000 to $150,000 of Palantir stock. In February, Trump sold between $1.1 million and roughly $5.3 million of his Palantir stock. In March, Trump’s Palantir stock purchases totaled between nearly $200,000 and $500,000.

In February, Palantir struck a billion-dollar agreement with the Department of Homeland Security to use the company’s software in the president’s deportation surge. Palantir also has a contract surpassing a billion dollars with the Pentagon to develop AI systems that help orchestrate attacks.

On Feb. 10, Trump also purchased $1 million to $5 million in shares of Axon, the company that makes Tasers.

Trump bought more Axon stock — valued between $15,000 to $50,000 — on March 2, and also made a pair of sales each worth $1,001 to $15,000 around the same time.

Immigration and Customs Enforcement outlined its plan to spend $220 million on Tasers over five years on Feb. 24, NOTUS first reported. The agency stated it wanted to purchase about 17,800 new Tasers in what would be a major boon for Axon.

ICE spent $2.2 million in January on body cameras from the Arizona-based company.

Trump also spent millions of dollars on shares of other government contractors, including Microsoft, Boeing, Amazon and Alphabet, the parent company of Google.

Trump also traded stock in several companies led by executives who are traveling with the president on his trip this week to China. Among them: Apple, Meta, GE Aerospace, Blackstone, Goldman Sachs, Citigroup and Blackrock.

During his last State of the Union address, Trump backed a ban on members of Congress trading stock — something lawmakers are considering amid concerns of insider trading, conflicts of interest and rampant violations of the Stop Trading on Congressional Knowledge Act of 2012.

“Let’s also ensure that members of Congress cannot corruptly profit from using insider information,” Trump said.

Democratic Rep. Mark Takano of California shouted back: “How about you first?”