Sticking With Palantir Plan After Big Short's Michael Burry Sends Warning
The AI darling endured some bad news this week and here's the plan for our long position.
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Palantir CEO Alex Karp
On Wednesday, Anthropic released its "Managed Agents" offering in beta form to the public on the firm's Claude platform.
This offering is a cloud-based product that users will be able to use in order to deploy AI agents for a number of tasks. Anthropic claims that this product will shorten workflow timelines exponentially. This makes Anthropic a competitor to Palantir Technologies (PLTR) .
Managed Agents is said to be a simpler, less expensive alternative to Palantir's Foundry platform, Foundry is often deployed through an extensive integration process and usually requires consultants working for Palantir to get this done.
It didn't help Palantir that in a post to X on Wednesday, Michael Burry wrote, "Anthropic is eating $PLTR Palantir's lunch."
Burry has since deleted the message, but PLTR shares gave up 6.2% on Wednesday and are down another 7% on Thursday. Burry has been bearish on Palantir and has flagged the firm for still being heavily dependent upon government contracts.
Away from those government contracts, Palantir's growing commercial business is at least partially built on software licensing, which is exactly the kind of businesses that Anthropic has been targeting for disruption.
Infleqtion News
On Thursday morning, news broke that Infleqtion (INFQ) is providing updated quantum hardware to the International Space Station via NASA's Northrop Grumman-24 (NOC) cargo mission.
The upgraded package for the Cold Atom Lab, developed in collaboration with NASA's Jet Propulsion Lab, could possibly enable record-breaking in-orbit atom populations, record ultra cold temperatures, and facilitate creation and study of simultaneous dual-species quantum gases. The intent here is to potentially explore new experimental capabilities, potentially improving navigation on earth while supporting critical infrastructure resiliency.
Wednesday's Intentions vs Wednesday's Actual Trades
- Intention: Purchase 2 shares of PLTR at or close to the last sale of $145.
- Actual trade: Purchased 2 shares of PLTR at $130.255.
- Intention: Sell 25 shares of INFQ at or close to the last sale of $11.27
- Actual Trade: Sold 25 shares of INFQ at $11.89.
Thursday's Intention
Purchase 1 share of PLTR at or close to the last sale of $131.57 to bring the long position up to 10 shares.
Current Positions
Long 150 shares of (SOFI) at $15.988. Last sale: $16.15.
Long 125 shares of (OCUL) at $8.061. Last sale: $8.75.
Long 125 shares of (ONDS) at $9.4749. Last sale: $9.28.
Long 9 shares of PLTR at $145.03. Last sale: $131.57.
Long 15 shares of (RKLB) at $67.1653. Last sale: $67.65.
Long 25 shares of INFQ at $9.965. Last sale $11.60.
Long 75 shares of (SIDU) at $2.029. Last sale: $3.61.
Long 50 shares of (EVLV) at $6.0898. Last sale: $6.10.
Short 1 SOFI May 15 $18.00 Call at $1.01. Last sale: $0.66.
Short 1 ONDS May 8 $10.50 Call at $0.60. Last sale: $0.60.
Cash: $2,632.96
Portfolio Value: $10,249.04, +2.5% from inception.
Related: As Iran Conflict Weighs on Markets, the Korean Defense Sector Is Thriving
At the time of publication, Guilfoyle was long SOFI, OCUL, ONDS, PLTR, RKLB, INFQ, SIDU and EVLV.
