Trump bought Palantir stock before touting PLTR in Truth Social post

President donald trump scooped up shares of artificial intelligence maker software program Palantir weeks before he famously lauded the stockwith its ticker image, on its social media platform Social Truthbased on information launched this week by the US Office of Government Ethics.

The information present hundreds of transactions in the course of the first quarter totaling tons of of thousands and thousands of {dollars}, with every commerce listed as a value vary.

During the primary three months of the 12 months, Trump bought between $247,008 and $630,000 value of stock in the now Miami-based AI firm, the paperwork present.

In March alone, Trump made not less than seven purchases of Palantir totaling as a lot as $530,000.

The following month, Trump praised Palantir on Truth Social as shares suffered their worst week in over a 12 months. That got here because the software program selloff accelerated amid the Iran warfare and the corporate caught the ire of well-known short-seller Michael Burry.

“Palantir Technologies (PLTR) has proven to have great war fighting capabilities and equipment,” Trump wrote on the social media platform on the time. “Just ask our enemies!!!”

The firm’s instruments have reportedly been used to establish targets in Iran.

Several transactions had been denoted as “unsolicited,” indicating that the transfer was not performed by suggestion of a dealer or monetary advisor.

“President Trump’s investment holdings are maintained exclusively through fully discretionary accounts independently managed by third-party financial institutions with sole and exclusive authority over all investment decisions. Trades are executed and portfolios are balanced through automated investment processes and systems administered by those institutions,” a Trump Organization spokesperson stated in an announcement.

Trump, his household and the Trump group do not play a “role in selecting, directing, or approving specific investments,” they added.

“They receive no advance notice of trading activity and provide no input regarding investment decisions or portfolio management of any kind,” the spokesperson stated.

White House spokesperson David Ingle stated the president’s belongings are in a belief managed by his kids and, “There are no conflicts of interest.”

Palantir didn’t reply to a request for remark.

The protection tech firm is amongst a batch of such corporations currying favor with the president throughout his second stint in the White House, as Trump accelerates the navy’s push for modernization.

CEO Alex Karp, a vocal proponent of the US navy, has backed the brand new administration, regardless of earlier contributions to President Joe Biden’s marketing campaign, and the corporate is disrupting the normal protection contractor system dominated by main corporations like Lockheed Martin and Northrop Grumman.

Last 12 months, Palantir sponsored Trump’s navy parade held in June for the US Army’s 250th anniversary. Other tech firms additionally reportedly sponsored the occasion.

The OGE information launched this week present that Trump has been energetic in the stock market in the course of the early months of 2026. That included promoting as a lot as $5 million value of Palantir on Feb. 10. Trump made a number of different gross sales of Palantir shares over about two weeks.

But Palantir wasn’t the president’s solely huge tech trades.

In February, the president bought between $1 million and $5 million value of AI chipmaker Nvidia. About every week later, the corporate expanded its AI deal with Meta Platforms.

That month, he scooped up between $1 million and $5 million value of ServiceNow, Workday, Oracle and Microsoft in the course of the software program selloff earlier this 12 months.

Records additionally present the president bought upwards of $1 million value of amazon, Apple and Broadcom.