Trump Praises Palantir (PLTR) on Truth Social after Buying the Company’s Stock, Records Show

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 10 Best ARK Stocks to Buy Right Now.

On May 15, CNBC reported that US President Donald Trump bought shares of Palantir Technologies Inc. (NASDAQ:PLTR) weeks before praising the company on Truth Social, noting records from the U.S. Office of Government Ethics. The filings show Trump purchased between $247,008 and $630,000 of the stock in Q1, including at least seven buys in March totaling as much as $530,000. Then he went public.

In April, Trump wrote on Truth Social that “Palantir Technologies Inc. (NASDAQ:PLTR) has proven to have great war-fighting capabilities,” even as the stock logged its worst week in over a year. He sold as much as $5 million of the company on February 10 and made more sales over roughly two weeks, the records show.

Trump Praises Palantir (PLTR) on Truth Social after Buying the Company’s Stock, Records Show

Image by MayoFi from Pixabay

A Trump Organization spokesperson said third-party managers control the accounts, stating Trump and his family “provide no input” on trades. CNBC added that he also bought stakes in Nvidia, Apple, and Amazon during the period.

Palantir Technologies Inc. (NASDAQ:PLTR) builds and uses software platforms that act as central operating systems for its customers. It operates in the Commercial and Government segments.

While we acknowledge the risk and potential of PLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PLTR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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