economy
Trump touted Palantir on Truth Social after buying the company's stock, records show
During the first three months of the year, Trump purchased between $630,000 and $247,008 worth of Palantir stock and sold at least $1.1 million.
TL;DR
- President Trump acquired shares of AI software maker Palantir before publicly endorsing the company on Truth Social.
- U.S. Office of Government Ethics records reveal thousands of Trump's stock transactions in the first quarter, amounting to hundreds of millions of dollars.
- Trump bought between $247,008 and $630,000 worth of Palantir stock in the first three months of the year.
- In April, Trump praised Palantir on Truth Social, mentioning its war-fighting capabilities.
- The Trump Organization stated that investment holdings are managed by third-party institutions with full discretionary authority and no input from Trump.
- During the same period, Trump also purchased significant amounts of stock in Nvidia, ServiceNow, Workday, Oracle, Microsoft, Amazon, Apple, and Broadcom.
- Trump sold as much as $5 million worth of Palantir stock on February 10 and made several other sales over two weeks.