Michael Burry Shorts Palantir, Citing Anthropic Threat and Low Margins

Palantir provides data integration platforms and forward-deployed engineering services to the U.S. government and businesses, and the market has long viewed it as a high-margin AI software company. Michael Burry, the Scion Asset Management founder who predicted the 2008 housing crisis, argues that its customized implementations make it more akin to a low-margin consultancy. He says Palantir’s valuation and growth expectations could come under pressure if companies adopt Anthropic’s models directly.

In an April 8, 2026 post on X, Burry said Anthropic was “eating Palantir’s lunch,” pointing to a surge in its annualized recurring revenue from $9 billion to $30 billion as evidence that businesses favor simpler, cheaper and more intuitive solutions. Palantir closed down 7.3% at $130.49 on April 9, wiping about $23 billion from its market value in a single day. Burry also said he continued to hold put options on Palantir.