Eric Trump has denied Senator Elizabeth Warren's accusation that President Donald Trump directed individual Nvidia (NVDA) stock trades using family accounts. Warren raised concerns after reports revealed a January 6 purchase of up to $1 million in Trump-tied accounts, followed by the Commerce Department on January 13 updating export rules to ease AI chip sales to China. Eric Trump stated that all family assets are held in a blind trust managed by major financial institutions, invested in broad index funds, dismissing allegations of individual stock trading as false. The controversy emerged from Trump's Q1 2026 OGE Form 278-T filing, which disclosed 3,642 stock transactions. Warren connected the Nvidia stake to Trump's trip to China with Nvidia CEO Jensen Huang, where Huang lobbied for chip sales, calling it a national security risk. The dispute tests the blind trust model used by past presidents and has renewed calls for a single-stock trading ban for federal officials.

Key facts

• Eric Trump denies Nvidia stock trade allegations, saying assets are in a blind trust
• Reports show up to $1M Nvidia purchase on Jan 6, before rule change on Jan 13
• Warren links Nvidia stake to Trump-China trip with CEO Jensen Huang
• Trump's Q1 2026 OGE filing reveals 3,642 stock transactions
• STOCK Act requires disclosure but not ban on individual trades by officials