Burry says Palantir's lunch is being eaten, shares fall
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- Michael Burry posted on X that Anthropic is eating Palantir's lunch, arguing its AI tools are easier, cheaper, and more intuitive for businesses.
- Palantir shares fell up to 8% to about $129.30 per share after Burry's comments, extending a near‑30% year‑to‑date decline.
- Anthropic grew its annual recurring revenue from $9 billion to $30 billion within months, a pace Burry contrasts with Palantir’s 20‑year climb to $5 billion ARR.
- Ramp data cited by economist Ara Kharazian shows that 25 % of its customers now pay for Anthropic, up from 4 % a year earlier, and Anthropic captures roughly 73 % of new enterprise AI spending.
- Palantir's government contracts are noted as lucrative, but Burry says they do not provide a competitive edge against Anthropic’s private‑sector growth.
- Andrew Left also shorted Palantir, expressing bullishness on Databricks, another private AI firm.
- OpenAI experienced a 1.5% monthly decline in enterprise AI adoption, the largest drop among AI model companies per Ramp data.
Why it matters: Palantir’s investors see an immediate loss as the stock slides 8% and remains down 30% YTD, while Anthropic’s surge to $30 billion ARR and capture of 73 % of new enterprise AI spend signals a decisive shift of private‑sector revenue away from Palantir’s government‑focused model, reshaping competitive dynamics in the AI software market.
