Donald Trump and his family businesses are continuing to expand investments tied to artificial intelligence, data centers, power infrastructure, and related technology companies. At the same time, Trump has opposed slowing AI development, creating a potential conflict of interest because decisions made by his administration on AI regulation could affect the value of his personal and family investments.
Disclosures show broad trading activity in AI and infrastructure names
Financial disclosures show that since Trump returned to the White House, his investment accounts have reported nearly 30,000 securities trades. Those transactions included buying and selling shares of Dell Technologies, Micron Technology, GE Vernova, Broadcom, Texas Instruments, Credo Technology, and Super Micro Computer, covering chipmakers, server suppliers, and energy infrastructure companies.
It is not currently possible to determine whether Trump still holds those shares, because the trades do not have to be disclosed in real time. Trump also has not placed his assets into a blind trust, unlike several recent U.S. presidents.
Trump family businesses are also expanding direct AI exposure
Beyond securities investments, Trump family businesses are moving directly into AI-related operations. Trump Media & Technology Group, the parent company of Truth Social, plans to merge with fusion company TAE Technologies. TAE is seeking to build power generation facilities as electricity demand from AI data centers rises.
Truth Social also plans to license platform data to AI labs through TruthAPI and has already launched a search tool powered by Perplexity.
Don Jr. and Eric Trump add separate investment channels
Donald Trump Jr. is a partner at 1789 Capital. The firm has raised a $1.2 billion fund focused in part on digital infrastructure, including data centers.
Since Trump returned to the White House, 1789 Capital has invested in AI chip company Cerebras, Perplexity, and Elon Musk’s xAI.
Eric Trump, meanwhile, has invested through American Ventures in defense, robotics, and AI data processing companies.
White House rejects conflict concerns
The White House denied that a conflict exists, saying Trump’s investments are handled entirely by independent managers. According to the White House, the assets are held in discretionary accounts and automatically mirror indexes including the Schwab 1000 through computer models, meaning Trump and his family cannot decide which investments are made or when trades occur.
1789 Capital also said Donald Trump Jr. carries out his investing in a private capacity and does not hold a government role.