<div id="readability-page-1"><span></span><div id="ArticleBody-InlineImage-108275315"><div><div><p>U.S. President Donald Trump, Secretary of Defense Pete Hegseth behind, speaks to reporters aboard Air Force One on a flight from Dover, Delaware, to Miami, Florida, U.S., March 7, 2026.</p><p>Kevin Lamarque | Reuters</p></div></div></div><div><p>President Donald Trump scooped up shares of artificial intelligence software maker <span id="RegularArticle-QuoteInBody-3">Palantir<span><span id="-WatchlistDropdown"></span></span></span> weeks before he famously lauded the stock, with its ticker symbol, on his social media platform Truth Social, according to records released this week by the U.S. Office of Government Ethics.</p><p>The records show thousands of transactions during the first quarter totaling hundreds of millions of dollars, with each trade listed as a price range.</p><p>During the first three months of the year, Trump purchased between $247,008 and $630,000 worth of stock in the now Miami-based AI company, the documents show.</p><p>In March alone, Trump made at least seven purchases of Palantir totalling as much as $530,000.</p><p>The following month, Trump praised Palantir on Truth Social as shares suffered their worst week in over a year. That came as the software selloff accelerated amid the Iran war and the company caught the ire of famed short-seller Michael Burry. </p><p>&#34;Palantir Technologies (PLTR) has proven to have great war fighting capabilities and equipment,&#34; Trump wrote on the social media platform at the time. &#34;Just ask our enemies!!!&#34;</p><p>The company's tools have reportedly been used to identify targets in Iran.</p><p>Several transactions were denoted as &#34;unsolicited,&#34; indicating that the move wasn't done by recommendation of a broker or financial advisor.</p><p>&#34;President Trump's investment holdings are maintained exclusively through fully discretionary accounts independently managed by third-party financial institutions with sole and exclusive authority over all investment decisions. Trades are executed and portfolios are balanced through automated investment processes and systems administered by those institutions,&#34; a Trump Organization spokesperson said in a statement. </p></div><div><p>Trump, his family and the Trump organization don't play a &#34;role in selecting, directing, or approving specific investments,&#34; they added.</p><p>&#34;They receive no advance notice of trading activity and provide no input regarding investment decisions or portfolio management of any kind,&#34; they said.</p><p>White House spokesman David Ingle said the president's assets are in a trust managed by his children and, &#34;There are no conflicts of interest.&#34;</p><p>Palantir did not respond to a request for comment.</p><p>The defense tech company is among a batch of tech companies currying favor with the president during his second stint in the White House, as Trump accelerates the military's push for modernization.</p></div><div><div id="RegularArticle-RelatedContent-1"><div><div><h2>Read more CNBC tech news</h2><div><ul><li>Cerebras soars in Nasdaq debut, topping $100 billion market cap after blockbuster IPO</li><li>Xi tells Musk, Tim Cook and other CEOs on Trump's trip: China will 'open wider'</li><li>Chinese companies are ramping up homegrown AI chips, even if Nvidia is coming back</li><li>Microsoft feared being too dependent on OpenAI, Musk-Altman trial testimony reveals</li></ul></div></div></div></div></div><div><p>CEO Alex Karp, a vocal proponent of the U.S. military, has backed the new administration, despite previous contributions to President Joe Biden's campaign, and the company is disrupting the traditional defense contractor system dominated by major firms like <span id="RegularArticle-QuoteInBody-9">Lockheed Martin<span><span id="-WatchlistDropdown"></span></span></span> and <span id="RegularArticle-QuoteInBody-10">Northrop Grumman.<span><span id="-WatchlistDropdown"></span></span></span></p><p>Last year, Palantir sponsored Trump's military parade held in June for the U.S. Army's 250th anniversary. Other tech companies also reportedly sponsored the event.</p><p>The OGE records released this week show that Trump has been active in the stock market during the early months of 2026. That included selling as much as $5 million worth of Palantir on Feb. 10. Trump made several other sales of Palantir shares over about two weeks.</p><p>But Palantir wasn't the president's only big tech trades.</p><p>In February, the president bought between $1 million and $5 million worth of AI chipmaker Nvidia. About a week later, the company expanded its AI deal with <span id="RegularArticle-QuoteInBody-12">Meta Platforms<span><span id="-WatchlistDropdown"></span></span></span>.</p><p>That month, he scooped up between $1 million and $5 million worth of <span id="RegularArticle-QuoteInBody-13">ServiceNow<span><span id="-WatchlistDropdown"></span></span></span>, <span id="RegularArticle-QuoteInBody-14">Workday<span><span id="-WatchlistDropdown"></span></span></span>, <span id="RegularArticle-QuoteInBody-15">Oracle<span><span id="-WatchlistDropdown"></span></span></span> <span id="RegularArticle-QuoteInBody-16">and Microsoft<span><span id="-WatchlistDropdown"></span></span></span> during the software selloff earlier this year.</p><p>Records also show the president bought upwards of $1 million worth of <span id="RegularArticle-QuoteInBody-17">Amazon<span><span id="-WatchlistDropdown"></span></span></span>, <span id="RegularArticle-QuoteInBody-18">Apple<span><span id="-WatchlistDropdown"></span></span></span> and <span id="RegularArticle-QuoteInBody-19">Broadcom<span><span id="-WatchlistDropdown"></span></span></span>.</p></div><div><p>Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.</p></div></div>

PLTR

PTIR

PLOO

PLTU

PLTG

PLTW

<p>Records reveal that Donald Trump purchased between $247,008 and $630,000 in Palantir stock during Q1 2026, later selling shares for at least $1.1 million. He praised Palantir on Truth Social amid a stock downturn, highlighting its military capabilities. Trump's investments are managed by third-party institutions, with no direct involvement from him or his family. The records also indicate significant investments in other tech companies, including Nvidia and Amazon.</p>

- U.S. President Donald Trump purchased between $247,008 and $630,000 in Palantir shares in early 2026, shortly before promoting the stock on Truth Social.  
- His transactions occurred amidst a software selloff influenced by external events, including the Iran war, with several purchases noted as unsolicited.  
- Additionally, Trump engaged in extensive stock trading, acquiring significant investments in companies like Nvidia, Amazon, and Microsoft during this period.

CNBC

Palantir Tech

GraniteShares 2x Long PLTR Daily ETF

Leverage Shares 2x Cpd Acclrtd PLTRMnETF

Defiance Leveraged Long +Income PLTR ETF

Direxion Daily PLTR Bull 2X Shares

Leverage Shares 2X Long PLTR Daily ETF

Roundhill PLTR WeeklyPay ETF

Cerebras

Apple

NVIDIA

Microsoft

OpenAI

Lockheed Martin

Northrop Grumman

Meta Platforms

ServiceNow

Workday

Oracle

Amazon

Broadcom

NVIDIA Corporation

ORACLE CORP DEPOSITARY SH REP 1/2000TH PFD SER D

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