This White House is home to a stock god.

According to the latest disclosed financial documents, Trump completed 3,642 U.S. stock trades in the first quarter of this year, averaging about 58 trades per trading day. This frequency far exceeds that of most professional fund managers.

If it were only about high trading frequency, this matter wouldn't be enough to attract market attention.

What has truly started making Wall Street talk is another set of increasingly difficult-to-ignore data: over the past year, publicly listed companies that Trump has publicly praised by name are showing increasingly obvious overlap with his holdings, government industrial policies, and the flow of federal funds.

Perhaps the most impressive was last year when Trump turned the White House South Lawn into a Tesla product launch event. In front of media cameras, he sat in a Model S, calling Tesla a "great product" and the Cybertruck having the "coolest design."

This was followed by a series of companies including Dell, Intel, Micron, NVIDIA, IBM, Apple, Thermo Fisher, and others entering his public praise list one after another.

The stock prices of some companies showed noticeable abnormal movements after being named; for others, Trump's account had already established positions before the praise; and some companies simultaneously received government contracts, subsidies, export licenses, or other policy support.

When these events occur individually, they might just be coincidences. But when more and more coincidences start pointing to the same group of companies, we can't help but ask a question: Is Trump supporting U.S. manufacturing and the tech industry, or is he shaping his own list of "presidential concept stocks"?

And if this pattern truly exists, then the question the market cares most about is: Who will be the next to be named by the White House?

Common Traits of the Promoted Companies

Counting from the March 2025 performance that turned the White House South Lawn into a Tesla showroom to May 2026, there have been nine publicly listed companies that Trump has publicly named or posted strong support for on Truth Social, with the density sharply rising in 2026. The most typical examples are Dell and Intel.

On February 10th of this year, the Trump account established a position of $1 million to $5 million. On May 8th, he publicly called out from the White House, "Go buy a Dell, they're great." Dell's stock price surged about 14% intraday. Before this, the Dell family had already committed $6.25 billion to "Trump accounts."

Intel represents another typical case. In August 2025, the Trump administration converted the $8.9 billion subsidy owed to Intel under the CHIPS and Science Act into equity, acquiring approximately 9.9% at $20.47 per share, making the U.S. government Intel's largest shareholder. The online community simply calls it a "U.S. state-owned enterprise." Six months later, in early March 2026, his personal account also appeared in Intel's holdings. Subsidy conversion to equity, government backing, personal holdings, and public promotion have all become bullish factors for Intel.

Another landmark moment was Palantir (PLTR). On April 10th, he endorsed it on Truth Social by its company name and stock ticker, calling it "proven to have powerful combat capabilities and equipment," becoming the first sitting president to do so.

If we expand the scope from Trump's personal holdings to publicly listed companies he has publicly praised by name, the number far exceeds the few familiar tech giants. Based on statistics from public speeches, White House events, and Truth Social posts, Trump has explicitly praised at least 9 publicly listed companies over the past year or so, causing short-term stock price increases, including Intel, Dell, Micron, Palantir, IBM, Apple, Thermo Fisher Scientific, Tesla, and NVIDIA.

We've summarized some of their commonalities:

First and most obviously, they almost all fit the narratives of "AI/new tech," "U.S. leading manufacturing," and "reshoring of production capacity."

Industrially, they are highly concentrated in the AI computing power and semiconductor chain. Intel, Micron, NVIDIA, AMD are chips; Dell is computing hardware; IBM is quantum; Palantir is AI software.

Secondly, each named company has a direct interest lever that the government can pull. For example, Intel has 9.9% government ownership; Palantir is a major federal contractor; IBM and Intel received CHIPS Act grants; NVIDIA and AMD benefit from loosened export controls to China; Dell received a $9.7 billion Pentagon contract on May 27th, shortly after being praised. Apple was praised because it promised investment in the U.S. and iPhone glass production at its Kentucky factory; Intel and Micron are domestic fabs; Dell assembles AI servers in the U.S.; IBM has its quantum foundry in Albany; Tesla, on the day it was promoted, saw Musk promise on the spot to double U.S. production. Trump rarely praises purely overseas production; he praises the act of "moving production lines back to the U.S." itself.

To some extent, the narratives of these companies have been packaged and elevated into matters of "national security" and "competition with China." Chips are a bottleneck; quantum is cybersecurity. Of course, a prerequisite for being named is often the CEO first submitting a pledge of allegiance.

Trump hosting a dinner for tech giants after taking office last year, asking each about their investment amounts in the U.S.

All the positive factors are, first and foremost, "having the right connections." These CEOs generally publicly expressed support for Trump or have personal relationships with him.

Jensen Huang accompanied him on visits and publicly thanked him; the Dell family donated $6.25 billion to "Trump accounts"; Oracle's Larry Ellison is a long-time supporter, deeply involved in the Stargate and TikTok deals; Musk was an ally during the promotion period; Arvind Krishna was named in the room during a face-to-face meeting.

Although the White House's unified explanation is that the President's assets are held in a trust managed by his children, with independent third-party discretionary accounts, and Trump himself does not participate in specific trades, we can indeed observe that the timing of Trump's promotions overlaps with his personal holdings and trades.

For example, Palantir was intensively bought in March, and Trump named it on Truth Social a few weeks later; Dell was bought on February 10th ($1-5 million per month), and publicly promoted in May; Apple and Thermo Fisher were bought and publicly praised almost on the same day.

If these patterns are correct, then predicting Trump's next promotion isn't difficult.

Who Might Be the Next to Be Promoted

First and most likely are companies where the government has already taken a position: MP Materials (MP), Lithium Americas (LAC), IonQ (IONQ), Rigetti (RGTI), D-Wave (QBTS), etc.

MP Materials is currently one of the U.S.'s core rare earth magnet suppliers. Its main business is rare earth mining and separation processing, ultimately used to manufacture permanent magnets, which go directly into fighter jets, electric vehicles, and missile systems.

In other words, it's not just a "resource company" but a link in the defense supply chain.

In July 2025, the U.S. Department of Defense acquired approximately 15% equity and related arrangements, transforming it from an ordinary publicly listed company into a kind of "quasi-strategic asset." More crucially, this move occurred before the government's investment in Intel.

But an interesting point in the market is: compared to Intel being frequently discussed, MP is relatively low-key, and hasn't even been centrally named in political narratives. This state of being "already invested in but not yet narrated" itself constitutes a lag in pricing.

Lithium Americas is a typical lithium resource development company. Its core asset is the Thacker Pass lithium project in Nevada, USA, one of the largest known lithium resources in North America. The strategic significance of lithium needs no explanation: electric vehicles, battery storage, military energy systems all depend on it.

The U.S. Department of Energy indirectly holds approximately 5% equity through warrants and project structures and obtains about a 5% economic interest in the Thacker Pass project. Simultaneously, the project is tied to General Motors (GM), forming a tripartite structure of "government + industry + listed company."

More critically, the U.S. Department of Energy explicitly defined Thacker Pass as a "national security-level strategic lithium asset" in documents.

Furthermore, according to The Wall Street Journal, several companies including IonQ (IONQ), Rigetti (RGTI), and D-Wave (QBTS) are discussing obtaining at least $10 million-level grant support through "government equity stakes or quasi-equity arrangements." Quantum Computing (QUBT) and Atom Computing are also being considered under similar frameworks.

These quantum computing players are currently still in very early stages, but their peculiarity lies in the fact that they almost naturally belong to the intersection of national security and basic scientific research.

If we extend the timeline, the U.S. government previously initiated a roughly $20 billion quantum technology support program, with IBM receiving about $10 billion, GlobalFoundries (GFS) about $3.75 billion, and the remaining funds allocated to various labs and companies.

IBM has already been fully traded by the market for a round, and the next step will naturally go to more "pure" quantum plays. Notably, the market has already priced this ahead of him. On Kalshi, in the market betting on "which companies the government will invest in this year," the probability for Rigetti and D-Wave has already been bet to over 80%.

GlobalFoundries (GFS) deserves special mention. It both received that $3.75 billion quantum grant and is itself a U.S. domestic fab, fitting both the chip and domestic manufacturing narratives, making it the most suitable company to be incidentally named at a "Made in America Chips" event.

Apart from companies where the government has already taken a position, there are also some that perfectly fit structurally and have deep enough government ties but haven't yet received explicit equity that are worth mentioning.

However, this category is more likely to be named through contracts, exports, or ecosystem support, potentially less direct than previous promotions.

Oracle (ORCL) might be the best positioned among them. Ellison's personal relationship, Stargate, the TikTok deal, and existing holdings in his personal account—all the soft conditions are in place, just waiting for a formal verbal endorsement. Broadcom (AVGO) is similar, a core supplier of custom AI chips and data center construction, already in the holdings.

Besides these, there are companies driven by CEO personal relationships. The U.S. Steel (X) line is worth separate attention. In the Nippon Steel acquisition case, the government obtained a "golden share" stronger than ordinary equity, and the "protect American steel" narrative can be reused at any time. Apple, although already promoted, has a $650 billion U.S. investment promise that is material that can be reused repeatedly, so the probability of being promoted again is not low. Tesla depends on the degree of repair in his relationship with Musk, making it the most volatile item on this list.

It should be noted that the above is a pattern extrapolation based on publicly disclosed industrial policies and equity stake clues, not a deterministic prediction, and certainly does not constitute any investment advice. These targets themselves carry high political premiums, and political premiums are always double-edged. They can push stock prices up after a post, but can also compress valuations when the wind changes direction.

After all, relying solely on the "White House Stock God" to promote stocks makes price increases very fragile.