President Donald Trump purchased shares of Palantir Technologies, an artificial intelligence software company, shortly before publicly praising the stock on his social media platform, Truth Social. According to records from the U.S.
Office of Government Ethics, Trump acquired between $247,008 and $630,000 worth of Palantir shares during the first quarter of 2026, with at least seven purchases in March totaling as much as $530,000.
This occurred during a period when Palantir's stock was experiencing significant volatility, particularly after a notable selloff amid geopolitical tensions related to the Iran war and criticism from short-seller Michael Burry. On Truth Social, Trump described Palantir as having "great war fighting capabilities and equipment," highlighting its use in military operations.
The transactions were marked as "unsolicited," suggesting they were not influenced by financial advisors. A spokesperson for Trump stated that his investment accounts are managed independently by third-party institutions, asserting that neither Trump nor his family are involved in specific investment decisions.
Additionally, White House spokesman David Ingle emphasized that there are no conflicts of interest, as Trump's assets are held in a trust managed by his children.
The records also indicate that Trump has been active in the stock market, including selling up to $5 million in Palantir shares earlier in February 2026 and making significant investments in other tech companies such as Nvidia, ServiceNow, Workday, Oracle, Microsoft, Amazon, Apple, and Broadcom.
This activity reflects Trump's ongoing engagement with the tech sector, particularly defense-related firms, during his presidency