Former President Donald Trump reportedly acquired shares in artificial intelligence software developer Palantir weeks before publicly endorsing the company on his Truth Social platform. Disclosures from government ethics records detail a series of significant stock market transactions made by Trump during the initial months of 2026, revealing his investment in the defense tech firm alongside other major technology companies.

According to the filings, Trump purchased Palantir stock valued between $247,008 and $630,000 in the first quarter of the year. March alone saw at least seven distinct Palantir acquisitions, collectively amounting to as much as $530,000. These purchases preceded an April post on Truth Social where Trump lauded Palantir, stating, “Palantir Technologies (PLTR) has proven to have great war fighting capabilities and equipment. Just ask our enemies!!!” This public praise came at a time when Palantir shares were experiencing a challenging period, marked by a broader software sector downturn, geopolitical tensions, and criticism from renowned short-seller Michael Burry. The company’s tools are reportedly utilized for identifying targets in Iran.

Beyond Palantir, the records indicate Trump’s active participation in the stock market across various tech giants. In February, he invested between $1 million and $5 million in AI chipmaker Nvidia, shortly before the company expanded its AI collaboration with Meta Platforms. Additional significant acquisitions that month included stakes in ServiceNow, Workday, Oracle, and Microsoft, each valued between $1 million and $5 million. Furthermore, Trump reportedly bought over $1 million worth of shares in Amazon, Apple, and Broadcom. Interestingly, some Palantir transactions were noted as “unsolicited,” suggesting they were not based on broker recommendations. Concurrently, Palantir has been actively fostering relationships within the current administration, with CEO Alex Karp, a strong advocate for the U.S. military, having previously backed President Joe Biden’s campaign but now aligning with the new administration’s push for military modernization. The company even sponsored Trump’s military parade in June last year.

Addressing the revelations, a spokesperson for the Trump Organization stated that President Trump’s investment holdings are held in fully discretionary accounts managed independently by third-party financial institutions. These institutions reportedly possess sole authority over investment decisions, with trades executed and portfolios balanced through automated systems. The spokesperson emphasized that Trump, his family, and the organization do not participate in selecting, directing, or approving specific investments, nor do they receive advance notice of trading activity. A White House spokesman, David Ingle, added that the president’s assets reside in a trust overseen by his children, asserting that “there are no conflicts of interest.” Palantir declined to comment on the matter. The records also show Trump engaged in sales of Palantir shares, including a transaction of up to $5 million on February 10, alongside other sales over a two-week period.