PLTR slides 13% as Burry shorts and Anthropic rivalry intensifies
Not even a "Truth Social" boost from Donald Trump could save Palantir from its worst weekly drop of 2026.
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✨ INTRO
The PLTR selloff has intensified this week, with Palantir Technologies (PLTR) sliding approximately 13% to close near $127, despite a high-profile endorsement from President Donald Trump. While Trump praised the company's "great warfighting capabilities" on Truth Social, the sentiment was quickly overshadowed by a renewed attack from "Big Short" investor Michael Burry. Burry revealed he is maintaining significant put options, arguing that the company is "severely overvalued" and that AI rival Anthropic is "eating Palantir's lunch" by scaling revenue at a far superior pace. Traders are noticing a breakdown in key technical support levels, suggesting that the recent parabolic run in AI defense stocks may be facing a much-needed reality check. Understanding these patterns is essential to act quickly and confidently, as the stock has now slumped nearly 38% from its record highs.
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Market Snapshot
Today, Palantir (PLTR) moved down 7.3% in a single session, marking its most aggressive decline since the 2026 trade tensions began. Key drivers include a massive rotation away from high-valuation growth stocks and growing skepticism regarding Palantir's "software" status versus a "professional services" model. Traders reacted to Michael Burry’s claims that Anthropic’s annual recurring revenue (ARR) is scaling from $9 billion to $30 billion—a trajectory that dwarfs Palantir’s 20-year journey to reach $5 billion. This pattern suggests a quick insight: institutional investors are beginning to question if the "value" of the AI revolution will accrue to the model creators (like Anthropic and OpenAI) rather than the integrators like Palantir.
For more live market data and institutional flow analysis, check
Trend Analysis
Over the last week, the PLTR selloff has pushed the stock below its 20, 50, and 100-day Simple Moving Averages (SMAs). Indicators like the MACD (12, 26) have registered a firm sell signal, while the 14-day RSI has tumbled into the high 30s, approaching "oversold" territory but still lacking a clear reversal signal. Observing these trends helps you anticipate market moves and plan entry/exit points, as technical analysts warn that "the lines all say sell" until the stock can reclaim the $146 shelf.
The stock currently finds itself in the upper part of a wide and falling trend. According to technical models, a failure to hold the $126 support level could bring the $105 "valuation floor" into focus over the next three months. While Trump's endorsement provided a temporary "intra-day" lift, Michael Burry's public commitment to his $50 and $100 strike-price puts has emboldened the bear camp. See a full guide on technical indicators at
Actionable Tip for Traders
One practical step for today: avoid "catching the falling knife" until Palantir can establish a new bottom pivot near the $125 accumulated volume support. The PLTR selloff is being driven by structural rotation and professional short-selling, which often ignores short-term "oversold" readings on the RSI. This approach helps you stay ahead by waiting for a confirmed "higher low" before attempting to trade the Trump-endorsement bounce.
Additionally, keep a close eye on the "Inference-to-Service" revenue mix in upcoming filings. If Palantir continues to embed high numbers of engineers (Forward Deployed Engineers) to close deals, it reinforces Michael Burry's bear case that the company is a services firm disguised as a software giant. For more daily insights and market analysis, visit
CONCLUSION
Markets are moving fast, and the PLTR selloff can impact your trades today by serving as a warning sign for the entire AI software sector. Watching the $126 support level allows you to react confidently to a market that is currently prioritizing "valuation over vision." While Donald Trump’s support highlights Palantir’s strategic importance to the U.S. defense apparatus, Michael Burry’s short thesis focuses on the cold reality of a 142x P/E ratio in a rising-rate environment.
The long-term bull case still rests on Palantir AI defense contracts and the company's role as the "operating system" for modern warfare. However, as 2026 progresses, the market is demanding that Palantir prove it can maintain its 70% growth rate while defending its moat against "native" AI giants like Anthropic. For daily analysis, actionable tips, and real-time insights, check out
❓ FAQ
Q1: Why is Palantir (PLTR) stock falling despite Trump's endorsement?
Answer: The PLTR selloff is driven by extreme valuation concerns (142x P/E), a broader tech sector rotation, and Michael Burry's high-profile short position. While Trump's praise highlighted the company's defense value, it wasn't enough to offset the 13% weekly slide triggered by software-sector weakness and competition fears.
Q2: What is Michael Burry's bear case for Palantir?
Answer: Burry argues that Palantir is "severely overvalued" and functions more like a professional services firm than a high-margin software company. He also claims that Anthropic is "eating Palantir's lunch" by scaling revenue at a significantly faster rate.
Q3: Are Palantir's government contracts still growing?
Answer: Yes. Palantir AI defense contracts remain strong, with "Project Maven" recently formalized as a program of record and a 10-year enterprise agreement with the Army potentially worth up to $10 billion.
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