U.S. President Donald Trump, Secretary of Protection Pete Hegseth behind, speaks to reporters aboard Air Drive One on a flight from Dover, Delaware, to Miami, Florida, U.S., March 7, 2026.
Kevin Lamarque | Reuters
President Donald Trump scooped up shares of synthetic intelligence software program maker Palantir weeks earlier than he famously lauded the inventory, with its ticker image, on his social media platform Fact Social, in keeping with data launched this week by the U.S. Workplace of Authorities Ethics.
The data present hundreds of transactions in the course of the first quarter totaling a whole lot of thousands and thousands of {dollars}, with every commerce listed as a value vary.
Through the first three months of the 12 months, Trump bought between $247,008 and $630,000 value of inventory within the now Miami-based AI firm, the paperwork present.
In March alone, Trump made at the very least seven purchases of Palantir totalling as a lot as $530,000.
The next month, Trump praised Palantir on Fact Social as shares suffered their worst week in over a 12 months. That got here because the software program selloff accelerated amid the Iran conflict and the corporate caught the ire of famed short-seller Michael Burry.
“Palantir Applied sciences (PLTR) has confirmed to have nice conflict preventing capabilities and gear,” Trump wrote on the social media platform on the time. “Simply ask our enemies!!!”
The corporate’s instruments have reportedly been used to establish targets in Iran.
A number of transactions had been denoted as “unsolicited,” indicating that the transfer wasn’t performed by suggestion of a dealer or monetary advisor.
“President Trump’s funding holdings are maintained solely by means of totally discretionary accounts independently managed by third-party monetary establishments with sole and unique authority over all funding selections. Trades are executed and portfolios are balanced by means of automated funding processes and methods administered by these establishments,” a Trump Group spokesperson stated in an announcement.
Trump, his household and the Trump group do not play a “function in deciding on, directing, or approving particular investments,” they added.
“They obtain no advance discover of buying and selling exercise and supply no enter relating to funding selections or portfolio administration of any sort,” the spokesperson stated.
White Home spokesman David Ingle stated the president’s belongings are in a belief managed by his youngsters and, “There are not any conflicts of curiosity.”
Palantir didn’t reply to a request for remark.
The protection tech firm is amongst a batch of tech corporations currying favor with the president throughout his second stint within the White Home, as Trump accelerates the army’s push for modernization.
CEO Alex Karp, a vocal proponent of the U.S. army, has backed the brand new administration, regardless of earlier contributions to President Joe Biden’s marketing campaign, and the corporate is disrupting the standard protection contractor system dominated by main companies like Lockheed Martin and Northrop Grumman.
Final 12 months, Palantir sponsored Trump’s army parade held in June for the U.S. Military’s 250th anniversary. Different tech corporations additionally reportedly sponsored the occasion.
The OGE data launched this week present that Trump has been lively within the inventory market in the course of the early months of 2026. That included promoting as a lot as $5 million value of Palantir on Feb. 10. Trump made a number of different gross sales of Palantir shares over about two weeks.
However Palantir wasn’t the president’s solely massive tech trades.
In February, the president purchased between $1 million and $5 million value of AI chipmaker Nvidia. A couple of week later, the corporate expanded its AI take care of Meta Platforms.
That month, he scooped up between $1 million and $5 million value of ServiceNow, Workday, Oracle and Microsoft in the course of the software program selloff earlier this 12 months.
Information additionally present the president purchased upwards of $1 million value of Amazon, Apple and Broadcom.
