Key Points:
- President Donald Trump purchased up to $630,000 in Palantir shares just weeks before he praised the company on Truth Social.
- Financial records show Trump made at least 7 separate purchases of the artificial intelligence stock in March totaling $530,000.
- A Trump Organization spokesperson stated that independent third-party banks manage all investment decisions without input from the president.
- The president also invested heavily in other major technology companies, buying up to $5 million in Nvidia stock in February.
President Donald Trump bought hundreds of thousands of dollars’ worth of shares in the artificial intelligence software maker Palantir. Just weeks after he bought the stock, he publicly praised the company on his social media platform, Truth Social. The United States Office of Government Ethics released financial records this week that reveal these exact transactions to the public.
The government documents show thousands of stock market trades during the first quarter of the year. These active trades total hundreds of millions of dollars in overall value. The records list each transaction as a price range rather than an exact dollar amount. During the first 3 months of the year, Trump purchased between $247,008 and $630,000 worth of Palantir stock, a software company now based in Miami.
In March alone, Trump made at least 7 separate purchases of Palantir stock. These specific March trades totaled up to $530,000. The very next month, Trump went online to praise the company. He posted his positive comments on Truth Social right as Palantir shares suffered their worst week in over a year. A broader sell
off in the software market caused the stock to drop, driven heavily by the ongoing war in Iran. The famous short-seller Michael Burry also criticized the company around the same time.
Trump ignored the market’s drop and focused entirely on the software’s military value. On Truth Social, he wrote that Palantir Technologies has demonstrated strong warfighting capabilities and equipment. He even included the stock ticker symbol in his post and told his followers just to ask our enemies. Reports show the military actively uses Palantir tools to identify enemy targets on the ground in Iran.
Some of the financial records carry a special label. The documents mark several transactions as unsolicited. In the financial world, this label usually means the investor made the trade without a direct recommendation from a broker or a financial advisor. This small detail raised eyebrows among critics, who wonder exactly how the president chooses his stock investments.
The Trump Organization quickly issued a public statement explaining the stock trades. A company spokesperson said that independent third-party financial institutions manage the president’s investment holdings through fully discretionary accounts. These outside banks hold the sole and exclusive authority over all investment decisions. The spokesperson added that automated systems execute trades and balance portfolios. The company representatives insisted that Trump, his family, and the Trump Organization as a whole play absolutely no role in selecting or approving specific stock investments. They said the president receives no advance notice of any trading activity and gives no input regarding how the banks manage his money.
The White House also defended the financial moves. White House spokesman David Ingle told reporters that the president keeps his assets in a trust managed by his children. Ingle firmly stated that the administration sees absolutely no conflicts of interest regarding these stock purchases. Representatives for Palantir declined to comment on the situation.
Palantir belongs to a growing group of defense technology companies that want to build a close relationship with the president. Trump recently began his second term in the White House and wants to accelerate the military’s modernization. The government spends billions of dollars every year on defense, and new technology companies want a piece of that massive budget. Palantir actively disrupts the traditional defense contractor system, which is typically dominated by large legacy firms such as Lockheed Martin and Northrop Grumman.
Alex Karp serves as the chief executive officer of Palantir. He frequently speaks out in strong support of the United States military and its global missions. Karp currently backs the new Trump administration, even though he previously donated to President Joe Biden’s campaign. The relationship between the company and the president continues to grow stronger over time. Last year, Palantir sponsored a large military parade that Trump held in June to celebrate the 250th anniversary of the United States Army. Several other major technology companies also sponsored the patriotic event.
The ethics records released this week also show that Trump traded actively during the early months of 2026. Before he bought shares in March, he actually sold a large chunk of Palantir stock. On February 10, he sold as much as $5 million worth of the company. Over the next 2 weeks, he made several other sales of Palantir shares to lock in his profits.
Palantir does not stand alone on the trading list. The president made huge financial bets on several other massive technology companies. In February, he bought between $1 million and $5 million worth of Nvidia, a leading maker of artificial intelligence chips. He timed this trade perfectly. Just one week after he bought the stock, Nvidia announced a major expansion of its artificial intelligence deal with Meta Platforms, which sent the stock price even higher.
During that same month, Trump took advantage of the broader software stock selloff. He scooped up between $1 million and $5 million in shares of ServiceNow, Workday, Oracle, and Microsoft. The financial records also reveal that the president bought more than $1 million in stock in Amazon, Apple, and Broadcom.
