Michael Burry Holds Palantir Puts After 13% Stock Drop, Cites Anthropic’s $9B-$30B Surge
Michael Burry has held put options on Palantir since fall 2025, and the stock has plunged over 13% in the past five days despite a brief rebound following a presidential endorsement. Burry notes Anthropic’s revenue surged from $9 billion to $30 billion in months and criticizes Palantir’s low-margin government contracts.
1. Burry’s Continued Short Position
Michael Burry first bought put options on Palantir in fall 2025 and has maintained them through April 2026, indicating he expects further downside. He reaffirmed his stance after posting that Anthropic is ‘eating Palantir’s lunch’ and stated he has no plans to close his positions.
2. Stock Performance and Presidential Backing
Palantir’s shares dropped more than 13% over five trading days following Burry’s comments on April 8, but a supportive post from a former president on April 10 sparked a modest recovery. The volatility reflects investor sensitivity to high-profile endorsements and critical bearish views.
3. Anthropic’s Rapid Expansion
Burry highlighted that Anthropic’s revenue climbed from $9 billion to $30 billion within months, outpacing Palantir’s two-decade path to $5 billion. He argues Anthropic’s intuitive, lower-cost AI solutions are attracting 73.3% of first-time enterprise AI spend, challenging Palantir’s market position.
4. Implications for Palantir
Palantir’s reliance on government contracts, which typically carry lower margins and slower growth, may limit its ability to match AI pure-play competitors. The public debate over AI market share and product accessibility could influence Palantir’s valuation and investor sentiment moving forward.