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Michael Burry Says Anthropic Is Beating Palantir, Sending Shares Down Up to 8%

The selloff underscores doubts about Palantir's premium AI valuation.

Overview

  • Palantir shares fell as much as 8% Thursday after Michael Burry wrote in a since‑deleted X post that Anthropic is “eating Palantir’s lunch.”
  • Burry, who disclosed long‑dated put options against Palantir in 2025 filings, argued Anthropic offers an easier, cheaper option for enterprise AI work.
  • Ramp’s March AI Index shows nearly one in four Ramp customers now pays for Anthropic and that Claude wins about 70% to 73% of first‑time enterprise decisions versus OpenAI.
  • Reuters reporting cited by multiple outlets says Palantir removed Anthropic’s Claude from its Maven military software after a Pentagon dispute, highlighting regulatory and integration risk.
  • Analysts remain split, with targets from a $150 Hold at Benchmark to a $200 Buy at Rosenblatt, as bulls cite 70% revenue growth in Q4 2025 and bears point to triple‑digit earnings multiples.