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Trump bought Apple, Nvidia and other tech giants before tariff reversal fueled rebound

CNBC · back to the audit
Trump bought Apple, Nvidia and other tech giants before tariff reversal fueled rebound

While investors and businesses spent the early days of April 2025 fretting over the future of global trade and the economy, President Donald Trump was busy buying into the stock market sell-off he created.

Trump made 327 stock purchases on April 8, 2025, according to a CNBC analysis of the president's annual financial disclosure for 2025 that includes trades, income and liabilities and was released on Tuesday. That made April 8 his 11th busiest day for stock buying last year, more than five times the daily average of roughly 62 for the calendar year, according to the CNBC analysis.

The episode captures a central theme running through Trump's second term: A president with vast power to move markets is also a president with a vast personal stake in them - with more personal investment at stake than any of his predecessors.

The next morning, minutes after the opening bell on April 9, Trump helped the market abruptly turn around. Trump posted on Truth Social, the social media platform he owns, that "THIS IS A GREAT TIME TO BUY!!!". Later that day, Trump announced he was walking back some of the market-roiling tariffs he had announced a week prior.

The S&P 500 climbed around 9.5% in that session, marking one of its best days on record. The benchmark has cumulatively surged around 50% since April 8, 2025.

He bought between $100,001 and $250,000 in shares of Apple, Alphabet, Amazon, Microsoft and Nvidia each that day, the disclosures show.

The White House did not immediately respond to CNBC's request for comment. White House spokeswoman Anna Kelly earlier this week said there are no conflicts of interest.

"Neither the President nor his family has ever engaged - or will ever engage - in conflicts of interest," she told CNBC in an email Wednesday after reporters questioned Trump about his disclosures. He said his trades are managed by outside parties.

"I don't get involved in my personal - we have funds that run my money," Trump told reporters.

The April stock trades are just one part of a 927-page disclosure that shows $2.24 billion in revenue in 2025, according to a CNBC analysis, including hundreds of millions of dollars from crypto.

On forums such as the Reddit WallStreetBets page, some users applauded their decisions at the time to buy in before Trump encouraged investors to. But several others took a more critical stance, instead likening his actions to market manipulation.