Trump bought Palantir stock before touting PLTR in Truth Social post
U.S. President Donald Trump, followed by Defense Secretary Pete Hegseth, speaks with reporters aboard Air Force One during a flight from Dover, Delaware, to Miami, Florida, U.S., March 7, 2026.
Kevin Lamarque | Reuters
President Donald Trump bought shares of artificial intelligence software maker palantir weeks ago, he famously extolled the stock symbol on the social media platform Real SocialAccording to records released this week by the US Office of Government Ethics.
Records show thousands of transactions totaling hundreds of millions of dollars in the first quarter, with each transaction listed as a price range.
Documents show that in the first three months of the year, Trump purchased shares worth $247,008 to $630,000 in the now-Miami-based artificial intelligence company.
In March alone, Trump purchased at least seven Palantirs totaling $530,000.
The following month, Trump praised Palantir on Truth Social as shares had their worst week in a year. This came at a time when software sales were accelerating amid the Iran war, drawing the ire of famed short-seller Michael Burry.
“Palantir Technologies (PLTR) has proven to have great combat capabilities and equipment,” Trump wrote on the social media platform at the time. “Just ask our enemies!!!”
The company’s vehicles are reportedly used to identify targets in Iran.
The designation of some transactions as “unsolicited” indicates that the move was not made on the advice of a broker or financial advisor.
“President Trump’s investment assets are maintained through entirely discretionary accounts independently managed by third-party financial institutions that have sole and exclusive authority over all investment decisions. Trades are executed and portfolios are balanced through automated investment processes and systems managed by these institutions,” a Trump Organization spokesperson said in a statement.
They added that Trump, his family and the Trump organization “play no role in selecting, directing or approving specific investments.”
“They do not receive any advance notice of trading activities and do not provide any information regarding investment decisions or portfolio management,” the spokesperson said.
White House spokesman David Ingle said the president’s assets are held in a trust managed by his children and “there is no conflict of interest.”
Palantir did not respond to a request for comment.
The defense technology company is among a group of tech companies that have extended favors to the president during his second stint in the White House, as he ramps up the military’s modernization efforts.
CEO Alex Karp, a strong advocate for the U.S. military, has backed the new administration despite previous contributions to President Joe Biden’s campaign, and the company is disrupting the traditional defense contractor system dominated by large firms such as LockheedMartin And Northrop Grumman.
Last year, Palantir sponsored Trump’s military parade in June to commemorate the 250th anniversary of the US Army. It was reported that other technology companies also sponsored the event.
OGE records released this week show Trump was active in the stock market in the early months of 2026. This includes the $5 million sale of Palantir on February 10. Trump made several more sales of Palantir shares in about two weeks.
But Palantir wasn’t the president’s only big tech trade.
In February, the president acquired artificial intelligence chip maker Nvidia for $1 million to $5 million. About a week later, the company expanded its AI deal. Meta Platforms.
He raised between $1 million and $5 million that month. ServiceNow, Working day, Seer and Microsoft during software sales earlier this year.
Records also show the president purchased more than $1 million worth of goods Amazon, Apple And broadcom.
