Did President Donald Trump "dump" his Nvidia stock a few weeks before the Jensen Huang Chinese spy story dropped? Yes, but that is missing context: According to his financial disclosure, Trump sold between $500,001 and $1 million in Nvidia stock on Aug. 21, about 10 weeks before the New York Times first reported on the alleged Chinese spy on Oct. 29. He also bought between $766,004 and $1.6 million in Nvidia stock that month.
The claim appeared in a post (archived here) by the @MikeNellis account on X on Nov. 12, 2026. It read:
Trump dumping his Nvidia stock a few weeks before this Chinese spy story dropped is the least shocking thing I've ever heard in my entire life. Straight to jail.
This is what the post looked like on X as of publication:
(Image source: post by @MikeNellis on X.)
The "Occupy Democrats" account (archived here) on Facebook posted the claim by Nellis on Nov. 12, 2026. This is what the post looked like on Facebook as of publication:
(Image source: post by "Occupy Democrats" on Facebook.)
According to Trump's financial disclosure (archived here) filed with the U.S. Office of Government Ethics on Sept. 25, 2026, he bought and sold shares in Nvidia in the month of August. Here is the breakdown:
SALE TOTAL
As much as $1,000,000
August 21, 2026 sale $500,001-$1,000,000PURCHASE TOTAL
As much as $1,565,000
August 3, 2026 purchase $250,001-$500,000
August 10, 2026 purchase $1,001-$15,000
August 17, 2026 purchase $500,001-$1,000,000
August 26, 2026 purchase $15,001-$50,000
The Aug. 21, 2026, sale was reported on page 16 of the documents. This is a screenshot of the document taken as of publication, with the red highlight added by Lead Stories:
(Image source: Executive Branch personnel public financial disclosure report page 16.)
The purchases were found on the following pages:
PURCHASE TOTAL
As much as $1,565,000
Page 3 - Aug. 3, 2026 purchase $250,001-$500,000
(Image source: Executive Branch personnel public financial disclosure report page 3.)
Page 11 - Aug. 10, 2026 purchase $1,001-$15,000
(Image source: Executive Branch personnel public financial disclosure report page 11.)
Page 17 - Aug. 17, 2026 purchase $500,001-$1,000,000
(Image source: Executive Branch personnel public financial disclosure report page 17.)
Page 13 - Aug. 26, 2026 purchase $15,001-$50,000
(Image source: Executive Branch personnel public financial disclosure report page 13.)
News outlets including Reuters (archived here) reported on Trump's Nvidia stock transactions on Oct. 8, 2026, before the New York Times reported on Oct. 29 that U.S. intelligence agencies had concluded Alice Huang, with whom Huang had an affair, was passing information to Beijing.
