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Shares of Palantir (PLTR) rose nearly 4% in recent trading, helping the defense-technology company recover some of its recent losses amid investor concerns about competition from Anthropic.
The stock received additional attention after President Donald Trump posted on social media on Friday that Palantir “has proven to have great war fighting capabilities and equipment. Just ask our enemies!!!” and shared the company’s ticker symbol.
Investors said the show of support could help rekindle enthusiasm for Palantir’s shares, which have been pressured in recent months as software stocks faced a broader pullback tied to worries that new AI tools could disrupt existing revenue streams.
On Monday, the move helped reverse some of the stock’s recent trend. Palantir has lost more than a fifth of its value in 2026.
The stock’s decline accelerated after a now-deleted post on Thursday by “Big Short” investor Michael Burry, who wrote that the Claude chatbot maker is “eating Palantir’s lunch.” That post sent Palantir shares down about 7% that day.
More broadly, software stocks have been buffeted by concerns that AI-powered services could reduce demand for traditional enterprise software offerings.
Longtime bulls at Wedbush, led by Dan Ives, said in a note to clients late last week that they believe Burry’s assessment was the “wrong take.” They argued that Palantir’s Artificial Intelligence Platform is “unmatched” and is unlikely to be disrupted by Anthropic’s offerings.
Some high-profile investors also bought shares during the downturn. Cathie Wood’s Ark Invest purchased more than 85,000 shares valued close to $11 million across five of its flagship exchange-traded funds, according to trade notifications.
Analysts’ consensus price target, recently above $180 as tracked by Visible Alpha, is below prior record highs above $200 but remains well above Friday’s close under $130.
Citi analysts wrote Friday that more meaningful growth acceleration is needed, along with clarity on specific focus areas—“swim lanes”—as AI model leaders increasingly move into the enterprise software market.

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