Trump name-drops Palantir by ticker symbol, 1st president to hype a stock. It surged $10B in minutes amid a 16% freefall

1 day ago 1

Rudro Chakrabarti

Sat, April 11, 2026 astatine 10:45 AM CDT 6 min read

President Donald Trump did thing nary sitting president has publically done — helium appeared to endorse a publically traded institution by its banal ticker symbol, praising defence tech steadfast Palantir Technologies (NASDAQ:PLTR) connected Truth Social connected Friday successful a station that reversed the stock's descent wrong minutes.

"Palantir Technologies (PLTR) has proven to person large warfare warring capabilities and equipment. Just inquire our enemies!!! President DJT," Trump wrote (1).

The station came astatine the extremity of a brutal week for the stock. Palantir shares had fallen 14–16% implicit the anterior 5 days and were down arsenic overmuch arsenic 6% connected Friday unsocial earlier Trump's endorsement hit. Within minutes, the stock terms ticked up astir 3% from astir $123 (2). Shares inactive closed little connected the time astatine $128.06.

Sen. Mark Warner (D-Virginia) was among the archetypal to emblem the post, asking connected X: "Is this different blatant illustration of Trump manipulating markets?" (3). Warner's station included a screenshot of Trump's Truth Social message.

The selloff had little to bash with Trump than with Anthropic — and a broader rout crossed the bundle sector.

On April 7, Anthropic released Claude Mythos Preview, a frontier AI exemplary built for its Project Glasswing cybersecurity initiative. The exemplary was not made mostly disposable — Anthropic shared it with astir 52 organizations — but the merchandise spooked investors who had been pricing endeavor bundle companies similar Palantir arsenic AI beneficiaries immune to disruption (4). Separately, Anthropic's yearly recurring gross had surged from $9 cardinal astatine the extremity of 2025 to $30 cardinal by aboriginal April (5), raising urgent questions astir whether Palantir's premium valuation could hold.

The Pentagon blacklisted Anthropic successful March aft the AI laboratory refused to assistance information guardrails connected its Claude models for autonomous weapons and wide surveillance. That forced Palantir to statesman removing Claude from its Maven Smart Systems level — the backbone of its subject AI enactment — and rebuilding parts of its software, according to Reuters (6). The forced rebuild exposed however babelike Palantir's defence concern had go connected a azygous AI provider.

Read Entire Article