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StocksMediumUpdated×3•Originally published 13 April 2026•Updated 14 April 2026•

1 min read

Michael Burry Maintains Bearish Bet on Palantir Despite Recent "Trump Boost"

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Key Facts

1Investor Michael Burry confirmed he is maintaining his bearish position against Palantir Technologies.

about 2 months ago

Version History

3 additional sources confirmed this story

Version 3about 2 months ago

What changed: Identified Anthropic as the specific competitor threatening Palantir and added their $30 billion annual revenue run rate figure.

Version 2about 2 months ago

What changed: Updated to include the stock's decline on April 9 and Burry's specific new comments regarding competitors taking Palantir's market share.

Version 1about 2 months ago

What changed: The story was updated to include news of Peter Thiel's divestment from Tesla and Microsoft, contrasting his moves with Wall Street's ongoing optimism for AI stocks.

Palantir Technologies (PLTR) shares opened in the red on April 9 following fresh critiques from Michael Burry questioning the company's enterprise market dominance. Burry specifically identified Anthropic as the key competitor threatening Palantir's market share, remarking that rivals are effectively "eating Palantir's lunch." This threat is underscored by Anthropic reaching an annual revenue run rate exceeding $30 billion, despite being founded only five years ago. This data bolsters Burry's existing bearish position held through long-dated put options, despite the earlier rally fueled by Donald Trump's endorsement. While Palantir co-founder Peter Thiel's fund recently exited positions in Tesla and Microsoft, the broader market remains divided on PLTR's valuation. Despite the immediate selling pressure, dip-buyers remain active, highlighting the ongoing tension between high-profile short-sellers and retail investors within the volatile AI sector.