Palantir Technologies, the U.S. artificial intelligence software company that once dominated Wall Street, has seen its stock price plunge sharply.
According to major foreign media outlets on Sunday (local time), Palantir closed at $128.06, down 1.90%, on the New York Stock Exchange last weekend, marking its third consecutive day of decline. While the stock surged 44% over the past year, it has fallen 28% since the start of this year.
The stock decline is attributed to short-selling remarks by investor Michael Burry, famous for "The Big Short." The previous day, Burry posted on X (formerly Twitter) that "AI startup Anthropic will eat into Palantir's profits," adding that he had "placed additional short bets on Palantir." He had previously disclosed in November last year that he had shorted Palantir. Citing corporate systems integration spending data, he emphasized that approximately 73% of AI spending goes to Anthropic. This suggests that Anthropic's competitiveness is superior to Palantir's, being cheaper and more accessible and easier to use.
