Back in January, shortly after Donald Trump‘s inauguration ceremony, one trade stood out among congressional stock disclosures.
Representative James Comer, Chairman of the House Committee on Oversight and Accountability, filed a single stock purchase in the days following the swearing-in. The name? Palantir Technologies (NASDAQ: PLTR)
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At the time, the trade raised eyebrows. Comer didn’t load up on a broad portfolio, sector ETF, or defense index. He made one bet, and stuck with it.
Fast forward to June, and that move is nearly in triple-digit territory. Palantir shares have surged 96% since the filing, outperforming the S&P 500, Nasdaq, and virtually every major tech name in the same period.
Palantir share price analysis
On Monday, Palantir closed at $141.41, up $4.01 (+2.92%), and continued rising in pre-market trading to $141.85 (+0.31%) as of June 17.
While members of Congress regularly face scrutiny for their stock trades, Comer’s Palantir disclosure has so far flown under the radar despite aligning with key political and military data narratives the company is known to specialize in. Palantir’s expanded role in government AI contracts and classified systems has only grown in recent months, coinciding with sharp rallies across AI-linked equities.
With momentum still building across the AI and defense-tech complex, and Comer’s committee likely to remain at the center of high-level oversight debates, this early Palantir buy is looking less like luck, and more like timing.
Featured image via Shutterstock
