Why is Palantir stock going down today? Is Anthropic eating Palantir's lunch? Here are the real reasons hitting Palantir Technologies stock

Why is Palantir stock going down today? Palantir stock is sliding again today. Shares are down nearly 5% after a weak start. Investors are reacting to two major triggers hitting Palantir Technologies right now. First, Michael Burry sparked fear. He warned that Anthropic is rapidly taking enterprise AI share. Anthropic's revenue surged from $9 billion to $30 billion. That shook confidence fast. Second, easing Middle East tensions removed Palantir's defense-driven "war premium." That changed demand expectations. Despite this, fundamentals remain strong. Revenue hit $4.48 billion with solid profit growth. CEO Alex Karp pushed back, defending long-term strength. Still, high valuation keeps pressure on Palantir stock today.