Trump touted Palantir on Truth Social after buying the company's stock, records show

Recent disclosures from the U.S. Office of Government Ethics have unveiled that former President Donald Trump bought shares in Palantir Technologies, a prominent artificial intelligence software company, just weeks before he publicly praised the stock on his Truth Social platform. The records indicate that during the first quarter of the year, Trump invested between $247,008 and $630,000 in Palantir. Notably, in March alone, he made seven separate purchases, amassing as much as $530,000 in shares. This investment occurred at a time when Palantir's stock was experiencing significant challenges, particularly after a tumultuous week that followed Trump's endorsement. On Truth Social, Trump highlighted Palantir's capabilities, stating, "Palantir Technologies (PLTR) has proven to have great war fighting capabilities and equipment. Just ask our enemies!!!" His comments surfaced as the company faced scrutiny from renowned short-seller Michael Burry, amidst broader market volatility due to geopolitical tensions, including the conflict in Iran. A spokesperson for the Trump Organization clarified that Trump's investment strategy is managed through third-party financial institutions, asserting that the former president does not influence specific investment decisions. These accounts are characterized as fully discretionary, meaning financial advisors have complete authority over the transactions. White House representative David Ingle reiterated that Trump's assets are held in a trust managed by his children, emphasizing that there are no conflicts of interest arising from his trading activities. Despite attempts to reach out for comments, Palantir did not respond. Amidst these developments, Palantir is positioning itself as a key player in defense technology, gaining favor with the Trump administration. CEO Alex Karp has been an outspoken supporter of military advancements, even as he previously contributed to President Biden's campaign. Last year, Palantir sponsored Trump's military parade celebrating the U.S. Army's 250th anniversary. The recent records not only highlight Trump's investment in Palantir but also reveal his broader engagement in the tech sector. In February, he acquired between $1 million and $5 million worth of shares in Nvidia, ServiceNow, Workday, Oracle, and Microsoft, alongside notable purchases of Amazon, Apple, and Broadcom. These strategic investments illustrate Trump's continued activity in the stock market during early 2026.