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Home/Markets & Investing/MICHAEL BURRY

Michael Burry's AI Competition Claims Trigger 8% Palantir Stock Drop

LS

Lennox Sullivan

Michael Burry · Apr 9, 2026

Michael Burry's AI Competition Claims Trigger 8% Palantir Stock Drop

Source: DojiDoji Data Terminal

Palantir's stock price dropped nearly 8% to approximately $129.30 per share. The decline followed comments from Michael Burry on X, where he stated that Anthropic is outpacing Palantir and "eating Palantir's lunch."

Related Brief2d ago
equities

Anthropic's ARR growth reveals Palantir's scale inefficiency

Palantir stock faces a forecasted multiyear decline. This projection follows Michael Burry's identification of Anthropic's annual recurring revenue climbing from $9 billion to $30 billion in a few months. Burry notes that enterprises are shifting toward cheaper and more intuitive AI solutions. Palantir took 20 years to reach $5 billion in annual recurring revenue. Burry has positioned for this decline through long-dated put options.

Burry claimed Anthropic's annual recurring revenue surged from $9 billion to $30 billion, attributing the growth to user-friendly and cost-effective solutions. He argued that Palantir's history of government contracts may not provide the edge necessary to compete against Anthropic's private sector business model.

Related Brief1d ago
short selling

Michael Burry’s Palantir Short Points to a $77 Gap Between Price and His Estimate of Fundamental Value

Palantir stock traded at approximately $127 per share on Friday, more than double Michael Burry’s estimate of its fundamental value. Burry holds long-dated put options on the company with strike prices of $50 and $100, including June 2027 $50 puts and December 2026 $100 puts, and has no plans to exit the position. He believes the stock’s intrinsic worth is well under $50 per share, creating a gap of over $77 between current price and his valuation. The difference underscores a stark divergence between market sentiment and Burry’s assessment. He has maintained this bearish stance since the fall of 2025, rolling the position multiple times. Despite a recent post by President Trump praising Palantir’s “great warfighting capabilities” on Truth Social, the stock remains down about 28% in 2026. Palantir has secured new government contracts and expanded its work with the Pentagon during Trump’s second term, yet Burry sees no justification for its premium valuation.

Palantir's shares are down almost 30% year to date.

Related Brief3d ago
ai investing

Enterprise AI Spending Is Pivoting to User-Friendly Models, Not Legacy Platforms

Enterprise AI spending is now favoring platforms that are easy to integrate and scale, not those built on complex, custom architectures. Michael Burry's assessment positions Anthropic as the emerging leader in this shift, overtaking Palantir in relevance. Anthropic's growth stems from rising demand for accessible, scalable AI—exemplified by its Claude model—which aligns with the operational pace of modern businesses. Enterprises no longer want to wait months for tailored deployments; they want AI that works out of the box. Palantir’s model, built on intensive data integration and long deployment cycles, is increasingly misaligned with that need. As companies redirect budgets toward faster, more flexible tools, market valuations will follow. Business Insider reports this transition could redefine growth benchmarks for AI investment.

Michael Burry

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