Trump Sells Palantir, Buys AI Stock Up 2,100%

Financial disclosures reveal that President Donald Trump sold his stake in Palantir (PLTR) during the first quarter and instead invested in Western Digital, a stock that has surged over 2,100% since 2023.

Deal Details

According to the disclosures, Trump's investment accounts sold Palantir shares and purchased Western Digital shares in the first quarter. The size of the trade and exact investment value were not disclosed.

Context

Palantir is a data analytics company known for its government contracts, while Western Digital is a data storage company benefiting from growing demand for AI infrastructure. Western Digital's stock has risen over 2,100% since 2023, driven by demand for high-capacity storage solutions.

What This Means for Investors

The move comes amid significant volatility in AI stocks. Trump's sale of Palantir may indicate a shift in investment preference toward companies more focused on AI infrastructure. However, investors should not rely on political figures' trades as investment signals.