Former President Donald Trump praised data analytics company Palantir Technologies in a social media post, specifically highlighting the firm's "war fighting capabilities" as tensions with Iran continue.

The endorsement came as Palantir's stock has experienced significant volatility, declining 14% over the course of this week according to market data. The company specializes in big data analytics and has extensive contracts with U.S. defense and intelligence agencies.

Trump's post appeared to boost the stock temporarily, though it has continued to face downward pressure amid broader market concerns about escalating conflicts in the Middle East. Palantir has positioned itself as a key technology provider for military and intelligence operations.

Meanwhile, prominent investor Michael Burry indicated he is maintaining his short position against Palantir stock despite Trump's public endorsement. Burry, known for predicting the 2008 financial crisis, has been betting against the company's stock price.

In the same social media post, Trump also directed criticism at media figures Tucker Carlson and Megyn Kelly, as well as The Wall Street Journal editorial board, though the specific nature of those criticisms was not detailed in the available reporting. The post appeared to address various topics related to foreign policy and media coverage of international conflicts.