Trump praised Palantir minutes after discussing Burry's criticism on TV

US President Donald Trump has backed AI technology developer Palantir Technologies in a post on social network Truth. His post comes just minutes after discussing investor Michael Burry's criticism of the company on Fox Business. Burry, who has been betting against Palantir, now claims the company is losing out to enterprise AI startup Anthropic.

Defense artificial intelligence developer Palantir "has proven to have excellent combat capabilities and equipment," US President Donald Trump wrote on Friday, April 10, on the social media network Truth Social. "Just ask our enemies," Trump noted.

The president's publication did not say what the statement was related to. The message was written a few minutes after a Fox Business TV channel broadcast, which discussed criticism of Palantir by Michael Burry - the investor who became the prototype of the main character of the movie "The Downgrade," Bloomberg noted. Burry said on April 8 that AI startup Anthropic was "eating Palantir's lunch" (from eat one's lunch - to beat the competition) in the battle for corporate budgets, but later deleted his post on social network X.

Burry himself has already responded to Trump's post by writing a blog post on the Substack platform, saying that he continues to bet on Palantir's stock going down. He believes that "the fundamental value of the company's securities is well below $50 per share."

On Friday, April 10, shares of Palantir ended trading at $128.06. They were down 1.86%, although they were losing 6% at the moment: they recovered some of their losses just after Trump's post. Palantir shares fell for the third straight day on Friday due to concerns around Anthropic's new Mythos AI model. The startup believes it's so powerful that it's dangerous to make it publicly available for now: it has limited itself to pre-access for corporations for now, according to Barron's.

Since the start of 2026, Palantir's stock has lost 28% of its value, despite its former status as one of the main beneficiaries of the boom around AI, Barron's notes.

Palantir is one of the U.S. government's key contractors in analytics and defense software. The company derives a significant portion of its revenue from government contracts, including agreements with the Pentagon, Bloomberg notes.

Anthropic, on the other hand, has faced pressure from U.S. authorities. An appeals court in Washington, D.C., in April refused to temporarily overturn a U.S. Department of Defense decision finding the company a "supply chain risk." At the same time, in March, a court in California suspended Trump's executive order prohibiting federal agencies from using Anthropic's technology.

The disagreement with authorities came as the company sought assurances from the Pentagon that its AI models would not be used for fully autonomous weapons or mass domestic surveillance of Americans.

Wedbush considers concerns surrounding the Anthropic and Palantir fight a "fictional narrative." Company analyst Dan Ives pointed to Palantir's AI tool architecture that links data to real-world objects, the growth in the number and size of deals, and the scale of Palantir's work in the commercial and government segments, Barron's cited.

UBS analyst Carl Kerstid takes a similar position. He notes that no client or partner of Palantir has pointed to real risks on the part of Anthropic models capable of creating similar solutions. The complexity of Palantir's data processing and decision-making systems remains a serious barrier to competitors, Barron's quotes Kerstid as saying.

This article was AI-translated and verified by a human editor