President Trump Sold Shares in Palantir and Meta; Analysts Suggest Buying Both
According to a recent disclosure with the Office of Government Ethics, President Donald Trump's brokerage accounts sold shares in two major artificial intelligence companies—Palantir Technologies (PLTR) and Meta Platforms (META)—in June. These trades were managed by third-party financial institutions rather than directly by Trump himself. Despite these sales, Wall Street analysts currently view both stocks as undervalued opportunities for investors. Palantir reported strong second-quarter results with a 93% revenue increase to $1.9 billion and an impressive Rule of 40 score of 155%. Analysts project its earnings will grow at 56% annually through 2027, though the stock is currently trading at a high valuation. Meta Platforms also had mixed second-quarter results but launched Muse, an AI agent that automates tasks. Meta's revenue rose by 28%, and analysts believe it has strong potential in consumer AI due to its vast data resources.
Topics: artificial_intelligence presidential_disclosure stock_trading