Trump Investments: 5 Companies Bettors Think the US Could Take a Stake in

Probability: 42%

Why: The defense tech firm is already involved in major deals with the US government. In March, US Army awarded Anduril a 10-year contract, which could be worth up to $20 billion, the army said in a statement.

The company has also been called for work on Trump’s “Golden Dome,” the president’s proposed missile defense system to counter US threats.

Probability: 39%

Why: IonQ wasn’t among the quantum companies that got an investment from the administration earlier this month, but bettors think it’s still got a shot. The government has identified quantum as a key technological frontier, piling into pure play quantum firms as well as legacy giant IBM, which has been working on the technology for decades.

IonQ has had a strong year so far. The company reported revenue growth last quarter and hiked its year-end guidance. Its stock is up 52% year-to-date.

Probability: 34%

Why: The chipmaker was in the spotlight last week after Trump praised Micron when speaking at a rally in New York last week. The president pointed to the stock’s latest rally and nodded to the “hundreds of billions” being invested by the firm.

Trump also has a personal stake in Micron. In the last quarter, the president bought shares valued at between $50,000 and $100,000, per his latest public financial disclosure.

Shares of Micron are up 230% year to date, reflecting the red-hot rally in memory stocks that’s become the newest iteration of the AI trade.

Probability: 22%

Why: The administration’s relationship with the maker of the Claude AI bot has been rocky, but prediction markets still think it could be a target for a White House stake.

In April, Trump said it was “possible” for the Department of Defense to strike a deal with Anthropic to use its AI models, striking a softer tone after an earlier announcement that the government would stop doing business with the AI giant after it pushed back against the use of its tech in the military. The company was deemed a supply chain risk and blacklisted as a vendor for the government and companies that contract with the government. Anthropic has sued the US Department of Defense in response.

Probability: 18%

Why: Nvidia is at the heart of America’s AI boom, and has already inked contracts with the US government. It’s struck deals to supply its AI tech for the Defense Department and the Energy Department. The government also approved a $9 billion agreement that involves Nvidia supplying AI infrastructure for the CIA and the NSA.

Trump has also given Nvidia’s CEO, Jensen Huang, glowing praise and took Huang along on his high-profile trip to Beijing earlier this month.

The president purchased shares of Nvidia valued at between $1 million and $5 million in the last quarter, per his latest financial disclosure.