Eric Trump denies Nvidia purchases tied to Warren’s claim

Eric Trump rejected a claim that accounts tied to his family bought up to $1 million of Nvidia stock on Jan. 6 in connection with President Trump’s May trip to China, noting the assets are held in blind trusts managed by large financial firms and that no family member directs individual trades.

Eric Trump, executive vice president of the Trump Organization, said the family’s investments are placed in fully discretionary accounts that favor broad market indexes. The Trump Organization says Donald Trump Jr. and Eric Trump oversee the trusts only alongside third-party institutions and receive no advance notice of individual trades.

Sen. Elizabeth Warren raised the issue after public filings showed a Jan. 6 purchase of up to $1 million of Nvidia shares in accounts tied to the Trump family. She pointed to a Commerce Department update on Jan. 13 that eased export restrictions for certain artificial intelligence chips, including models similar to Nvidia’s H200, and wrote that the timing raised national security concerns.

President Trump brought Nvidia Chief Executive Jensen Huang on his May 12-15 Beijing trip. Huang has confirmed that Trump asked him to join the delegation. The visit included U.S. business leaders who discussed trade and technology matters with Chinese officials, including talks with President Xi Jinping.

The matter surfaced in the Trump family’s first-quarter 2026 Office of Government Ethics Form 278-T filing, which listed 3,642 stock transactions for the quarter. Some ethics experts and lawmakers say the volume and timing of certain trades do not align with the qualified blind trust model used by presidents from Jimmy Carter through Joe Biden, which is designed to separate officials from control or knowledge of specific holdings.

The 2012 STOCK Act requires public disclosure of executive stock trades but does not prohibit them. Federal authorities have not announced an investigation into the January transactions. Treasury Secretary Scott Bessent has voiced support for a congressional ban on single-stock trading by senior officials.

As of May 15, 2026, no congressional committee or government ethics panel had announced a formal review of the Nvidia transactions. The Trump Organization maintains that family members did not direct the purchase, and Warren and other lawmakers have called for further scrutiny.