By Heather Gillers
Palantir Technologies shares fell 8% Thursday and are on track for their lowest close in more than a month.
Fears that newer artificial-intelligence technology will leave the data-analytics company in the dust have haunted Palantir over the past two months despite record revenue in the fourth quarter.
Around lunchtime Wednesday, famed investor Michael Burry posted on X that Anthropic "is eating Palantir's lunch." The post was later deleted.
Earlier, Burry bought options that would pay off if shares of Palantir dropped, according to a securities filing last November.
Palantir is now down 27% year-to-date after booming 135% last year. It was the third-most traded stock in the S&P 500 Thursday afternoon-and the sixth-worst performer.
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(END) Dow Jones Newswires
April 09, 2026 14:43 ET (18:43 GMT)
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