Eric Trump denies family directed Nvidia trades

Eric Trump rejected claims that members of the Trump family directed purchases of Nvidia stock, saying family assets are held in a blind trust and denying any link between a reported Jan. 6 trade and subsequent changes to U.S. export rules for advanced AI chips.

In a statement, Eric Trump wrote, “All of our assets are invested in a blind trust by the largest financial institutions in broad market indexes.” He called suggestions that the family picked individual stocks “a lie and blatantly false.”

The Trump Organization says the family uses fully discretionary accounts managed by third-party institutions. Donald Trump Jr. and Eric Trump oversee those accounts but do not receive advance notice of trades. The family’s Office of Government Ethics Form 278-T for the first quarter of 2026 lists 3,642 stock transactions.

Senator Elizabeth Warren pointed to a reported purchase of up to $1 million in Nvidia shares on Jan. 6, 2026. The Commerce Department updated export rules for advanced AI chips, including models like Nvidia’s H200, on Jan. 13. Warren wrote on social media, “The President’s corruption is a national security disaster.”

Nvidia Chief Executive Jensen Huang confirmed he was asked to join President Trump’s May 12–15 trip to Beijing. The delegation included other U.S. business leaders who pursued opportunities in technology and aviation.

Some ethics experts and critics have questioned whether the number and timing of transactions logged on the 278-T fit the standard of a qualified blind trust used by presidents from Jimmy Carter through Joe Biden. The 2012 STOCK Act requires disclosure of certain executive branch financial transactions but does not prohibit trading. Federal authorities have not announced an investigation.

Treasury Secretary Scott Bessent has backed legislation to ban single-stock trading by senior officials. Lawmakers and congressional ethics panels have discussed changes to disclosure and trading rules in response to the filing and the timing of the reported Nvidia purchase.