Palantir stock sinks 8% after Michael Burry says Anthropic is 'eating' its enterprise lunch

The "Big Short" investor used spending data to argue Palantir is a low-margin consulting business, not an AI company

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Palantir $PLTR stock fell as much as 8% on Thursday after "Big Short" investor Michael Burry wrote in a since-deleted X $TWTR post that Anthropic is "eating Palantir's lunch" in enterprise AI.

Burry cited data from corporate spend tracker Ramp to argue that Anthropic is capturing "73% of all new enterprise spending." He also contrasted the two companies' growth trajectories, saying Anthropic jumped to $30 billion from $9 billion "in months" and that it took Palantir "20 years" to get to $5 billion.

Using Ramp's March AI Index, Benzinga put overall business AI adoption at an all-time high........

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