Palantir Technologies ( PLTR ) made a sudden recovery on Friday after several days of losses. This is an endorsement from President Donald Trump, who appears to work for the software company. The stock came under pressure earlier this week, falling more than 15% in five days, amid concerns over Anthropic’s latest product. myth. The stock is down 37% from its closing high set in November.
What did Trump say?
“Palantir Technologies (PLTR) has proven to have formidable warfighting capabilities and equipment. Just ask our enemies!!!” Trump wrote in a post on Truth Social.
Immediately following the president’s statement, Palantir shares reversed course from their session lows, rebounding from a 6% drop on Friday to be down about 1.4% at $128.62 at the time of writing.
Read more: ‘The world’s most powerful reset’: Trump’s cryptic post ahead of US-Iran peace talks in Pakistan
Interesting angle of selection
Analysts responded to speculation about Palantir stock and Anthropic.
According to Investing.com, Wedbush analyst Dan Ives said: “Palantir has been under pressure over the past few days, with Palantir down 7% today after Anthropic released a new product centered around multi-agent orchestration, which continues to create more headwinds for the software industry. While Anthropic’s ARR has reached new scale, now reaching $30 billion, up from $9 billion at the beginning of the year, we believe this will not be at the expense of PLTR. business as the company continues to accelerate its U.S. commercial and government businesses, with U.S. commercial growing 137% year over year and U.S. government growing 66% year over year.”
“Palantir’s data-driven moat surrounds data and its ontology… This is not undermined by: [Anthropic’s AI] Claude,” Ives added.
UBS analyst Karl Keirstead wrote in a recent research note: “None of the Palantir customers or partners have mentioned that there is any real risk in using the Claude model to DIY a similar Palantir, which may be due to the complexity of data mapping and decision-making in Palantir.”
Prominent investor Michael Burry wrote on social media on Thursday that “if you are an investor in these markets, it may be worth paying attention to Crowder.” Among the companies that suffered bigger losses on Thursday, Palantir Technologies Inc. fell 7.3%, Oracle Corp. fell 4%, Salesforce Inc. fell 3.1%, ServiceNow Inc. fell 7.9%, and Workday Inc. fell 5.1%.
Warning about myths
Meanwhile, Reuters cited sources as saying that U.S. Treasury Secretary Scott Bessant and Federal Reserve Chairman Jerome Powell held emergency meetings with bank CEOs this week to warn of the cyber risks posed by Anthropic’s latest artificial intelligence model.
Anthropic launched its robust Mythos model earlier this week but held off on widespread release, citing concerns that it could expose previously unknown cybersecurity vulnerabilities.
The company says the model is able to identify and exploit weaknesses in “every major operating system and every major web browser.”
Last week, Anthropic said it was in discussions with U.S. government officials about the model’s “offensive and defensive cyber capabilities.”
Access to Mythos will be limited to about 40 technology companies, including Microsoft and Google, the startup said.
(Information provided by Reuters)
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