Michael Burry is using fresh data on enterprise AI spending to sharpen a long-running bear case against Palantir Technologies, Inc., while framing Anthropic as the clear winner in the corporate AI land grab.<\/p>\n
Burry posted his latest jab at Palantir Wednesday on X:<\/p>\n
“Anthropic is eating $PLTR Palantir\u2019s lunch. That massive boost from $9B to $30B ARR at Anthropic is because Anthropic offers the easier, cheaper, intuitive solution for businesses,” he said.<\/p>\n
“PLTR can have government, which is low margin and small.\u00a0 Anthropic\u2019went from $9B to $30B in months, it took $PLTR 20 years to get to $5 Billion.\u00a0 Anthropic is taking 73% of all new enterprise spending per Ramp,” Burry added.<\/p>\n
https:\/\/twitter.com\/michaeljburry\/status\/2041891378871824549?s=20<\/a><\/p>\n Don’t Miss:<\/p>\n Ramp’s March AI Index shows business AI adoption at a record 47.6%, with nearly one in four Ramp customers now paying for Anthropic, up from roughly one in 25 a year ago.<\/p>\n Anthropic’s adoption grew 4.9 percentage points month-over-month, its fastest pace yet, and it now wins about 70% of first\u2011time, head\u2011to\u2011head enterprise purchasing decisions versus OpenAI.<\/p>\n Ramp also notes this is a “complete reversal” from 2025, when OpenAI was gaining share faster than rivals, underscoring a rapid shift toward Claude in business workflows.<\/p>\n That backdrop makes Burry’s claim that Anthropic is “eating Palantir’s lunch” resonate with data showing Anthropic capturing the bulk of incremental enterprise AI spend.<\/p>\n Trending:\u00a0This Startup Thinks It Can Reinvent the Wheel \u2014 Literally<\/a><\/p>\n Burry previously disclosed a sizeable short in Palantir via long\u2011dated $50 strike put options expiring in 2027, giving him downside exposure to roughly 5 million shares.<\/p>\n He has argued Palantir is a low\u2011margin consulting shop dressed up as a high\u2011growth AI\/SaaS story, pointing to accounts receivable expanding far faster than revenue and heavy stock\u2011based comp as red flags.<\/p>\n He has also blasted what he calls Palantir’s “overpromising” on AI, saying the company relies on external model providers like Anthropic and “has no real AI software of its own.”<\/p>\n Burry’s latest post builds on his view that Palantir’s government work is smaller, lower\u2011margin and increasingly dependent on the very foundation models that are now winning direct enterprise relationships on their own.<\/p>\n See Also:\u00a0Most Investors Can’t Access These Real Estate Deals \u2014 But Accredited Investors Can<\/a><\/p>\n Ramp’s numbers give Burry fresh ammunition: Anthropic is rapidly becoming the default choice for corporate AI spend, while Palantir must prove its higher\u2011touch platforms can capture comparable economics.<\/p>\n If Anthropic continues to dominate new enterprise AI budgets, Burry’s bet is that the market will re-rate Palantir away from pure\u2011play AI darling toward more mundane systems integrator multiples.<\/p>\n This image was generated using artificial intelligence via Gemini. <\/p>\n Read Next:\u00a0Blue-chip art has historically outpaced the S&P 500 since 1995, and fractional investing is now opening this institutional asset class to everyday investors<\/a><\/p>\n Up Next: Transform your trading with Benzinga Edge’s one-of-a-kind market trade ideas and tools. Click now to access unique insights<\/a> that can set you ahead in today’s competitive market.<\/p>\n Get the latest stock analysis from Benzinga:<\/p>\n