U.S. President Donald Trump and Secretary of Defense Pete Hegseth speak to reporters aboard Air Force One flight from Dover, Delaware, to Miami, Florida, March 7, 2026.
Kevin Lamarque | Reuters
President Donald Trump scooped up stock in artificial intelligence software maker Palantir A few weeks earlier, he had famously praised the ticker stock on his social media platform, Truth Social, according to records released this week by the U.S. Office of Government Ethics.
The records show thousands of deals totaling hundreds of millions of dollars in the first quarter, with each deal listed as a price range.
In the first three months of this year, Trump bought between $247,008 and $630,000 worth of stock in the now-Miami-based AI company, according to the documents.
President Trump made at least seven purchases of Palantir in March alone, totaling $530,000.
The following month, during the stock’s worst week in more than a year, President Trump praised Palantir on Truth Social. This comes as software sales accelerated during the Iran war and the company drew the ire of noted short seller Michael Burley.
“Palantir Technologies (PLTR) has proven to have superior combat capabilities and equipment,” President Trump wrote on social media platforms at the time. “Ask the enemy!!!”
The company’s tools are reportedly being used to identify targets inside Iran.
Some trades were labeled as “unsolicited,” indicating that the trades were not made on the recommendation of a broker or financial advisor.
“President Trump’s investment holdings are maintained 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 executed through automated investment processes and systems managed by these financial institutions to ensure that the portfolio remains balanced,” a Trump Organization spokesperson said in a statement.
It added that Trump, his family, and the Trump organization had no “role in selecting, directing, or approving any specific investments.”
“They are not informed in advance of trading activity and do not provide any type of opinion on investment decisions or portfolio management,” the spokesperson said.
White House Press Secretary David Engle said the president’s assets are held in trusts controlled by his children and that “there is no conflict of interest.”
Palantir did not respond to a request for comment.
As President Trump accelerates his military modernization drive, the defense technology company is among the companies that have warmed to the president during his second term in the White House.
CEO Alex Karp, a vocal supporter of the U.S. military, has backed the new administration despite previous contributions to President Joe Biden’s campaign, saying the company is disrupting the traditional defense contractor system dominated by major corporations such as: lockheed martin and Northrop Grumman.
Last year, Palantir sponsored President Trump’s military parade in June to commemorate the 250th anniversary of the U.S. military. Other technology companies also reportedly sponsored the event.
OGE records released this week show Trump was active in the stock market in the early months of 2026. That included selling up to $5 million worth of Palantir stock on February 10th. Trump also sold Palantir stock several times over the course of about two weeks.
But Palantir wasn’t the president’s only big tech deal.
The president acquired AI chip maker Nvidia in February worth between $1 million and $5 million. About a week later, the company expanded its deal with AI. meta platform.
That month, he made money worth between $1 million and $5 million. ServiceNow, working day, oracle and Microsoft During the software sale earlier this year.
Records show the president purchased more than $1 million in property. Amazon, apple and broadcom.
