Burry Says Anthropic Is Eating Palantir (PLTR) — Wedbush Disagrees

TLDR

• Palantir stock fell 7.3% Thursday after Michael Burry posted on X claiming Anthropic is “eating Palantir’s lunch”
• Burry later deleted the post, but the damage to sentiment was done
• Wedbush analyst Daniel Ives reiterated a Buy rating and $230 price target, calling Burry’s view a “fictional narrative”
• Anthropic’s ARR has grown from $9 billion to $30 billion this year, but Ives says this isn’t coming at Palantir’s expense
• Wall Street holds a Moderate Buy consensus on PLTR with an average price target of $194.61

Palantir’s stock took a sharp hit Thursday, dropping 7.3% after Michael Burry — the investor made famous by “The Big Short” — posted on X warning that Anthropic is “eating Palantir’s lunch.” The post rattled investors already nervous about AI competition in the enterprise software space. Burry has been consistently bearish on Palantir.

Palantir Technologies Inc., PLTR

The post was later deleted, but not before it moved markets.

Anthropic’s growth numbers are hard to ignore. The AI startup has seen its annual recurring revenue jump from $9 billion at the start of 2026 to $30 billion — a number that caught a lot of attention.

Wedbush analyst Daniel Ives pushed back hard. He called Burry’s take a “wrong take and fictional narrative,” and maintained his Outperform rating with a $230 price target on PLTR.

Ives argued that Anthropic’s growth and Palantir’s growth are not a zero-sum game. He pointed to Palantir’s Q4 2025 results as evidence — U.S. Commercial revenue grew 137% year-over-year, and U.S. Government revenue rose 66%.

Overall revenue growth hit 56% over the last twelve months. Gross profit margins sit at 82%, which InvestingPro flagged as a key competitive advantage.

What Ives Says About Palantir’s Moat

Ives argued that Palantir’s real competitive edge isn’t in the same lane as Anthropic. Its moat is built around data and ontology — not large language models.

He said Anthropic’s Claude is not disrupting that moat. In fact, Ives believes enterprise adoption is accelerating because of the broader AI wave, not despite it.

The pressure on PLTR this week wasn’t only about Burry’s post. Anthropic had also recently launched a new product focused on multi-agent orchestration, which added to jitters across the software sector.

Where Analysts Stand on PLTR

Wall Street’s consensus on Palantir is Moderate Buy, based on 14 Buy ratings, 5 Holds, and 2 Sells. The average price target sits at $194.61, implying around 49% upside from current levels.

PLTR is currently trading around $130.47, giving the company a market cap of $312 billion. The stock is down roughly 27% year-to-date.

Rosenblatt also holds a Buy rating on Palantir, citing potential upside from the Golden Dome Missile Shield project, which the Wall Street Journal reported could cost $185 billion in its first phase alone.

Palantir has also recently expanded its partnership with Bain & Company and teamed up with Moder to build an AI-powered mortgage operations platform, with Freedom Mortgage as the first pilot customer.

The post Burry Says Anthropic Is Eating Palantir (PLTR) — Wedbush Disagrees appeared first on CoinCentral.