Analyst Dismisses Burry's Claim That Anthropic Is Overtaking Palantir

Wedbush's Dan Ives and Futurum's Daniel Newman reject the notion that Anthropic is 'eating Palantir's lunch' in the enterprise AI market.

Apr. 10, 2026 at 3:38am

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A highly detailed, glowing 3D macro illustration of a futuristic AI server rack or data center infrastructure, illuminated by neon cyan and magenta lights, conceptually representing the technological competition in the enterprise AI market.As the enterprise AI market heats up, the battle between Anthropic and Palantir highlights the intensifying competition for a share of growing AI spending.Washington Today

Wedbush analyst Dan Ives and Futurum CEO Daniel Newman have pushed back against Michael Burry's claim that Anthropic is rapidly overtaking Palantir Technologies in the enterprise AI market. Ives called Burry's take 'the wrong take and fictional narrative,' arguing that Palantir remains a 'core AI winner and tech leader.' Newman also questioned how Anthropic, which is currently blacklisted by the Pentagon, could threaten Palantir, whose largest customer is the U.S. government.

Why it matters

The debate over Anthropic's threat to Palantir highlights the intensifying competition in the enterprise AI market, where companies are vying for a share of growing AI spending by businesses. Burry's bearish stance on Palantir also raises questions about the long-term growth prospects of the data analytics firm, which has faced criticism over its reliance on third-party AI models.

The details

Ives dismissed Burry's claim that Anthropic is 'eating Palantir's lunch,' stating that Palantir remains 'at the epicenter of leaders in the AI Revolution.' Newman echoed this view, noting that while Anthropic is strong, it is currently blacklisted by the Pentagon, while the U.S. government is Palantir's largest customer. Burry had previously argued that Anthropic's revenue run-rate surged from roughly $9 billion to $30 billion, driven by what he described as a cheaper and more intuitive solution for businesses. However, a federal appeals court in Washington, D.C. recently refused to temporarily halt the Pentagon's move to designate Anthropic as a national security risk.

  • On Wednesday, a federal appeals court in Washington, D.C. refused to temporarily halt the Pentagon's move to designate Anthropic as a national security risk.
  • Earlier this week, Burry posted - and later deleted - a sharp critique on X, arguing Anthropic's rapid growth signals a major shift in enterprise AI spending.

The players

Dan Ives

A Wedbush analyst who dismissed Michael Burry's claim that Anthropic is overtaking Palantir Technologies as a 'wrong' and 'fictional' narrative.

Daniel Newman

The CEO of Futurum, who echoed Ives' stance and questioned how Anthropic, which is currently blacklisted by the Pentagon, could threaten Palantir, whose largest customer is the U.S. government.

Michael Burry

The 'Big Short' investor who has disclosed a sizable bearish position against Palantir via long-dated put options, effectively betting on a decline in the company's stock.

Palantir Technologies

A data analytics firm that remains 'at the epicenter of leaders in the AI Revolution' and a 'core AI winner and tech leader,' according to Ives.

Anthropic

An AI startup that is currently blacklisted by the Pentagon, but has seen a surge in its revenue run-rate, according to Burry.

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What they’re saying

“We believe the take that Anthropic is eating PLTR's lunch … is the wrong take and fictional narrative.”

— Dan Ives, Wedbush Analyst

“How exactly does it plan to eat $PLTR lunch?”

— Daniel Newman, Futurum CEO

“Anthropic is eating $PLTR Palantir's lunch.”

— Michael Burry

What’s next

The judge in the case will decide on Tuesday whether or not to allow Anthropic to continue operating in the U.S. market despite the Pentagon's national security concerns.

The takeaway

This debate highlights the intense competition in the enterprise AI market, where companies are vying for a share of growing AI spending. While Anthropic's rapid growth has caught the attention of investors like Burry, the company's current blacklisting by the Pentagon and Palantir's strong government ties suggest the narrative of Anthropic 'eating Palantir's lunch' may be premature.