US President Donald Trump, with Defense Secretary Pete Hegseth in the background, speaks to reporters aboard Air Force One on a flight from Dover, Delaware, to Miami, Florida, US, on March 7, 2026.
Kevin Lamarque Reuters
President Donald Trump has acquired shares of the intelligence software maker Palantir weeks before he praised the stock, which has its trademark, on the social media site Truth Social, according to records released this week by the US Office of Government Ethics.
The records show thousands of transactions during the first quarter involving hundreds of millions of dollars, with each transaction listed by price.
In the first three months of the year, Trump bought between $247,008 and $630,000 worth of stock in the now-Miami-based AI company, documents show.
In March alone, Trump made at least seven Palantir purchases worth an estimated $530,000.
The following month, Trump praised Palantir on Truth Social as the stock suffered its worst week in more than a year. That came as software selloffs escalated amid the Iran war and the company caught the ire of popular short trader Michael Burry.
“Palantir Technologies (PLTR) has proven itself to be a formidable force in warfighting,” Trump wrote on social media at the time. “Just ask our enemies!!!”
The company’s equipment has reportedly been used to identify targets in Iran.
Several transactions are described as “unsolicited,” indicating that the move was not made on the recommendation of a broker or financial advisor.
“President Trump’s investment funds are held exclusively through fully discretionary accounts that are independently managed by third-party financial institutions that have sole and exclusive authority over all investment decisions. Trades are made and portfolios are balanced through automated investment processes and systems controlled by those institutions,” said a spokesperson for the Trump Organization in a statement.
Trump, his family and the Trump Organization “play no role in selecting, directing, or approving any particular investment,” they added.
“They do not receive advance notice about trading activity and do not provide anything about investment decisions or portfolio management of any kind,” the spokesperson said.
White House spokesman David Ingle said the president’s belongings are kept 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 number of such firms targeting the president in his second term in the White House, as Trump accelerates a military modernization drive.
CEO Alex Karp, a lobbyist for the US military, has backed the new administration, despite previous donations to President Joe Biden’s campaign, and the company is disrupting the traditional defense contracting system dominated by large firms such as Lockheed Martin again Northrop Grumman.
Last year, Palantir sponsored Trump’s military parade in June to celebrate the 250th anniversary of the US Army. Some technology companies are said to have sponsored the event.
OGE records released this week show that Trump was active in the stock market during the first months of 2026. That included selling about $5 million of Palantir in Feb. 10. Trump made several other sales of Palantir shares in about two weeks.
But Palantir wasn’t the president’s only major tech venture.
In February, the president bought between $1 million and $5 million for AI chipmaker Nvidia. About a week later, the company extended its AI deal Meta Platforms.
That month, he raised between $1 million and $5 million Service Now, Work day, The Oracle and Microsoft during the software selloff earlier this year.
Records also show that the president bought more than $1 million Amazon, an apple again Broadcom.
