AI stocks SOUN and PLTR compared

What happened: Billionaire Michael Burry recently criticized Palantir (PLTR), stating that AI startup Anthropic is "eating Palantir’s lunch". Anthropic, founded in 2017, has reached a $30 billion annual revenue run rate, while PLTR, founded in 2004, has not disclosed its current run rate. Meanwhile, AI stocks SOUN and PLTR are on investors' radars, with analysts predicting one could double by 2026. Despite market rallies, PLTR stock sold off, underperforming due to geopolitical events.

Market impact: Burry's comments and PLTR's underperformance have raised concerns about the company's growth prospects, potentially affecting its valuation and investor sentiment. This could spill over to other AI stocks, causing investors to reassess their positions. The AI sector, particularly AI-led data analytics companies, may see increased scrutiny.

What to watch next: Palantir's Q1 2023 earnings report (expected May 2023) will provide insights into its current revenue run rate and growth prospects. Additionally, any updates or partnerships from Anthropic could further drive the narrative around PLTR's competitive position. Lastly, geopolitical developments could influence PLTR's stock performance, given its ties to the U.S. government.