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Retail trader darling and AI-led data analytics company Palantir's (PLTR) stock should have been an expected beneficiary of the U.S./Israel and Iran war in the Middle East. Thanks to its advanced suite of products that aid decision-making and its proximity to the U.S. government, Palantir remains a crucial cog in the latter's defensive capabilities. However, its share price performance would not reflect as such.
PLTR stock is down over 14% since the war started, and the latest blow came from a familiar skeptic of the company: Michael Burry. The famed Big Short investor highlighted that Palantir's moat is weak and the likes of Anthropic provide a cheaper and easier-to-adapt alternative for enterprises.