Veteran investor Michael Burry, best known for predicting the 2008 financial crisis, has raised concerns about Palantir Technologies (NASDAQ: PLTR) while simultaneously highlighting the rapid expansion of AI startup Anthropic.
Key Points
- Michael Burry criticized Palantir Technologies and contrasted it with the faster-growing AI firm Anthropic.
- He argued Anthropic is gaining stronger enterprise AI momentum and relevance than Palantir.
- Following his comments, Palantir shares fell 6.20% to $140.76 in a single trading session.
- Burry claimed Anthropic’s ARR surged from about $9B to $30B within a relatively short period. He added that it now accounts for a large share of new enterprise AI spending.
- The comparison highlights a broader split: Palantir’s slower, complex enterprise/government model vs Anthropic’s faster commercial AI scaling.
Palantir Shares Decline Following Burry’s Comments
In a post on X, Burry suggested that Anthropic is outpacing Palantir in both revenue momentum and relevance within the enterprise AI market. His comparison implied a widening performance gap between the two companies in growth and positioning.
As a direct market response, PLTR shares dropped 6.20% in regular trading, closing at $140.76, according to Google Finance data.
Even so, longer-term performance remains mixed. Palantir is still down 32.60% from its 52-week high of $207.52. However, it remains up 85.95% from its 52-week low of $75.22.
Anthropic’s Rapid Expansion Draws Attention
Burry also highlighted Anthropic’s accelerating enterprise adoption. He claimed the company’s annual recurring revenue (ARR) has surged from $9 billion to $30 billion over a relatively short period.
He further suggested that Anthropic now accounts for approximately 73% of new enterprise AI spending, underscoring a shift toward more scalable, general-purpose AI solutions.
Supporting this narrative, a study from Ramp Economics Lab, led by Ara Kharazian, suggests usage is trending upward. Specifically, adoption rose by five percentage points within a single month. The same analysis finds that approximately one in four of the tracked companies currently subscribes to Anthropic’s services.
Palantir’s Long-Term Model Versus Enterprise AI Competitors
The comparison highlights contrasting strategies within the AI sector. Palantir has traditionally relied on government contracts and complex enterprise integrations across defense, healthcare, and other regulated industries.
By contrast, Anthropic is portrayed as scaling more rapidly in commercial markets. Burry characterized Palantir’s growth as slower and more complex, noting it took the company around two decades to reach approximately $5 billion in ARR.
Leadership Commentary and Regulatory Developments
In a statement last month, Alex Karp, chief executive of Palantir Technologies, portrayed the company’s platforms as a way to integrate complex infrastructures into cohesive AI-based systems that optimize coordination, speed, and efficiency across sectors.
Earlier this year, reports emerged that the U.S. Department of Defense had moved to restrict access to Anthropic’s Claude AI within federal systems, which ultimately led to a legal dispute with the company.
