alex karp is at the center of fresh scrutiny as Palantir shares slid following the public beta release of Anthropic's Managed Agents on the Claude platform, a cloud product billed as a faster, cheaper way to deploy AI agents, as reported.
Investors reacted quickly after Michael Burry posted that "Anthropic is eating $PLTR Palantir's lunch," a message he later deleted, and shares gave up 6.2 percent on Wednesday and fell another 7 percent on Thursday, as reported.
Anthropic's Managed Agents is presented as a simpler, less expensive alternative to Palantir's Foundry, which typically requires an extensive integration process and often uses Palantir consultants for deployment, as reported.
That comparison matters because Palantir still relies heavily on government contracts, while its growing commercial business depends in part on software licensing, the type of revenue stream Anthropic appears to target, as reported.
Market participants and some retail traders adjusted positions amid the volatility. As reported, one trader disclosed recent purchases and sales including PLTR trades and other holdings, and the disclosure noted the trader remained long several technology names.
Separately, Infleqtion supplied updated quantum hardware to the International Space Station via NASA's Northrop Grumman‑24 cargo mission, upgrading the Cold Atom Lab in collaboration with NASA's Jet Propulsion Lab, potentially aiding navigation and infrastructure resiliency, as reported.
Political Reaction And Military Links
President Donald Trump lauded Palantir in a Truth Social post saying "Palantir Technologies (PLTR) has proven to have great war fighting capabilities and equipment," as reported, after the company's stock suffered its worst week in over a year.
Reports say the U.S. military is using Palantir's Maven Smart System to identify targets in the Middle East, work tied to strikes on Iran that began in late February, and Palantir counts on the government for more than half of its U.S. revenue, as reported.
CEO Alex Karp has publicly supported equipping warfighters and backed the new administration, and he has defended the company amid criticism over surveillance tools and other controversies, as reported.
Palantir uses models from Anthropic and other AI labs on its platform, and Anthropic was blacklisted by the Department of Defense over concerns about misuse. Karp told CNBC he would "phase out" Anthropic's models, but he has not done so yet, as reported.
Watchdogs and critics reacted to the political attention. Citizens for Responsibility and Ethics in Washington said Trump's post was unusual and flagged the ticker mention as possibly an attempt to help a major backer, as reported. Michael Burry later wrote on Substack that he continued to hold puts and believes Palantir's fundamental value is well under $50 per share, as reported.
