Overview
- Palantir shares fell 7.3% Thursday after Michael Burry said Anthropic is “eating Palantir’s lunch,” wiping about $23 billion from the company’s market value.
- Following Friday’s Truth Social post from President Trump praising Palantir’s battlefield software, the stock rebounded from roughly 6% down to about 1% lower before easing again.
- Michael Burry said Friday he is holding put options against Palantir, detailing $50 strikes expiring in June 2027 and $100 strikes in December 2026.
- Wedbush’s Dan Ives called Burry’s view a “fictional narrative,” kept an Outperform rating and a $230 target, and argued Anthropic’s model gains do not replace Palantir’s ontology‑based AIP platform.
- Recent company results show 56% full‑year revenue growth, record contract value, and the Pentagon naming Palantir’s Maven a Program of Record, yet the stock’s forward P/E has slid toward sub‑100 levels for the first time in about a year, heightening sensitivity to competitive headlines.