Palantir Technologies Inc. shares had been in an actual‑time stress take a look at of their cult‑inventory standing on Thursday after Michael Burry‘s newest Anthropic broadside knocked the inventory decrease.
The tape suggests his “eating Palantir’s lunch” put up remains to be transferring PLTR, however dip‑patrons have not left the constructing but.
Burry took to X on Wednesday to argue Anthropic has quickly outpaced Palantir in enterprise AI, citing Ramp knowledge that present Anthropic’s ARR leaping from 9 billion to 30 billion and capturing roughly 73% of incremental enterprise AI spending.
He framed Palantir as confined to “low margin and small” authorities work whereas Anthropic affords a better, cheaper, extra intuitive resolution for companies.
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The market response was swift: Palantir inventory dropped about 6% Wednesday as his feedback circulated, including to an already bruising 12 months‑to‑date slide.
Shares continued to dive in Thursday morning buying and selling, down greater than 7% in accordance with Benzinga Pro.
It isn’t Burry’s first strike at Palantir. He disclosed a brief place final 12 months, and he has periodically warned about an AI bubble since late 2025.
Palantir CEO Alex Karp has responded in type, blasting Burry on CNBC as “bat‑‑‑‑ crazy” for shorting “chips and ontology” and insisting the corporate’s AI software program and authorities franchises stay extremely worthwhile.
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The query now’s whether or not Palantir’s retail‑heavy base is beginning to fatigue.
Wednesday’s session confirmed the same old reflex: after the intraday 6% flush, shares clawed again some floor in after‑hours buying and selling as patrons stepped in across the mid‑$140s.
Social chatter on Palantir‑targeted boards nonetheless leans towards defending the lengthy‑time period story and dismissing Burry’s thesis as self‑ brief propaganda.
One Stocktwits person wrote, “Karp should file a lawsuit against Burry for stock manipulation,” whereas a number of others pegged the pullback as a shopping for alternative.
But with PLTR inventory buying and selling at roughly 109x ahead earnings versus a sector median close to 21x, every drawdown checks what number of Palantir loyalists nonetheless have dry powder to purchase the dip.
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