Michael Burry bets on Anthropic to displace Palantir in enterprise AI spending
Palantir's stock declined over 13% within five days after Michael Burry claimed that Anthropic is eating Palantir's lunch. Burry maintains put options on Palantir, a position he first revealed in the fall of 2025. The bearish outlook is based on a shift in enterprise spending. Anthropic captures approximately 73.3% of new enterprise AI spending. This adoption rate has driven Anthropic's valuation from $9 billion to $30 billion in months. In contrast, Palantir relies on low-margin government contracts that limit its growth potential. Palantir took two decades to reach a $5 billion valuation.
More Briefs
USPS owns a $2.5 billion pension pause to prevent a 2027 cash exhaustion
Apr 12Borrowers are one step closer to regaining a tool that shows when their student loans will be forgiven
Apr 12Sydney and Melbourne Home Values Face 2026 Decline as Affordability Constraints Tighten
Apr 12Schwab Board Declassification Subjects Capital Allocation to Annual Shareholder Scrutiny