Overview
- Palantir shares, which had been sliding for the week, rebounded off session lows Friday after President Trump praised the company’s “war fighting capabilities” on Truth Social, with the stock still on track for about a 13% weekly drop.
- The selloff accelerated Thursday after Michael Burry posted, then deleted, a claim that Anthropic is “eating Palantir’s lunch,” pointing to the AI lab’s rapid jump in annual recurring revenue to roughly $30 billion.
- Burry said Friday on Substack that he remains short via long‑dated put options, listing $50 puts expiring June 17, 2027, and $100 puts expiring Dec. 19, 2026, and he called the stock “wildly overvalued.”
- Analyst Daniel Ives at Wedbush rejected Burry’s view, kept an Outperform rating and a $230 target, and argued Palantir’s edge comes from its data‑and‑ontology AIP platform, citing 2025 results that included 56% revenue growth and a 137% jump in U.S. commercial sales.
- Defense ties continue to anchor the story as the Pentagon moves Palantir’s Maven Smart System into a formal “program of record,” which means stable, budgeted funding and signals durable use across commands.