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\u00a9 Shutterstock \/ Piotr Swat<\/p>\n
Palantir Technologies (NASDAQ:PLTR<\/a> | PLTR Price Prediction<\/a>) stock is extending a brutal four-day losing streak in early trading on Friday, falling another 5% to around $124 after closing Thursday at $130.49. What started as a single viral post has turned into a full-scale repricing event for one of the most widely followed AI names in the market.<\/p>\n The three-day arc tells the real story. Palantir Technologies stock closed at $150.07 on April 7, dropped to $140.76 on April 8, and slid further to $130.49 on April 9 before today\u2019s additional leg down. Including today\u2019s move, Palantir is now down roughly 17% in four sessions.<\/p>\n The selloff has pushed Palantir Technologies stock down 30% year-to-date, a sharp reversal from its $177.75 opening price at the start of 2026.<\/p>\n Burry\u2019s Deleted Post and the Anthropic Shockwave<\/p>\n The catalyst was short seller Michael Burry<\/a>, who founded the hedge fund Scion Capital. His comments suggesting Anthropic is \u201ceating Palantir\u2019s lunch\u201d in enterprise AI adoption spread rapidly before he deleted the post.<\/p>\n The damage was already done. Investors seized on the narrative that Anthropic\u2019s newly launched Managed Agents product, described as autonomous AI systems perceived as a threat to traditional Software as a Service models, could erode the middleware layer where Palantir Technologies operates.<\/p>\n As we covered in yesterday\u2019s deep dive into day two of this selloff<\/a>, the fear isn\u2019t that Anthropic replaces Palantir overnight. It\u2019s that enterprise buyers may increasingly route AI spending directly to foundation model providers, bypassing the operational platform layer that Palantir has built. That question, legitimate or not, is what\u2019s being priced in right now.<\/p>\n The Selloff Has Spread Across AI Software<\/p>\n The selloff has spread well beyond Palantir. Salesforce (NYSE:CRM<\/a>) stock and ServiceNow (NYSE:NOW<\/a>) shares also took hits, with the broader narrative framing this as a shift in enterprise AI spending away from traditional software platforms toward model providers.<\/p>\n Snowflake (NYSE:SNOW<\/a>) stock and Cloudflare (NYSE:NET<\/a>) shares were caught in the same wave. This is a sector-wide repricing of the AI middleware thesis, not a Palantir-specific verdict. Geopolitical pressure, including reports of a ceasefire breach in the Middle East, added another layer of macro anxiety to an already jittery tape.<\/p>\n The Bull Case Hasn\u2019t Changed. The Valuation Has.<\/p>\n Here\u2019s what makes this selloff genuinely complicated. Palantir\u2019s underlying business is delivering extraordinary results. Q4 2025 revenue grew 70% year-over-year to $1.406 billion, with U.S. commercial revenue surging 137% year-over-year to $507 million. The company posted a Rule of 40 score of 127% and guided for full-year 2026 revenue of $7.182 to $7.198 billion, representing 61% growth.<\/p>\n Palantir Technologies CEO Alex Karp put it directly in the Q4 earnings letter: \u201cWe are an n of 1, and these numbers prove it. Palantir is alone in choosing to exclusively focus on scaling the operational leverage made possible by the rapid advancements of AI models.\u201d<\/p>\n