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.
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 potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.
