Trump’s $1M Nvidia Purchase Precedes Meta Deal; Cerebras IPO Surges 68%
President Trump's Q1 2026 ethics disclosure shows at least $1 million Nvidia stock purchase on Feb. 10 before its Meta partnership announcement, part of $50–70 million in 'Magnificent Seven' trades. Nvidia's earnings this week will reveal AI demand strength as Cerebras's IPO raised $5.5 billion and surged 68%.
1. Trump’s Nvidia Transactions
The Q1 2026 ethics filing shows President Trump’s account executed at least $1 million in Nvidia purchases on Feb. 10, just days before Nvidia announced a strategic partnership with Meta. These trades were part of 94 transactions in the 'Magnificent Seven,' totaling $50–70 million across 64 buys and 30 sales.
2. Upcoming Nvidia Earnings
Nvidia is set to report quarterly results this week, with analysts focusing on revenue growth from AI data centers and client computing. Investors will watch guidance and margins closely for signs of sustained demand in the fast-growing AI market.
3. Cerebras IPO Impact
Cerebras Systems raised $5.5 billion in its IPO debut and saw shares jump 68%, highlighting intense competition in AI chips. Despite the surge, Cerebras faces risks from customer concentration—62% of revenue comes from a single buyer—and a smaller client base compared with Nvidia’s established ecosystem.