Palantir Technologies (PLTR) saw a sudden recovery on Friday after days of decline, thanks to an endorsement from President Donald Trump.
The software company's stock had come under pressure earlier in the week, falling over 15% amid concerns triggered by Anthropic's latest product, Mythos.
However, Trump's statement on Truth Social, praising Palantir's 'great war fighting capabilities and equipment,' helped reverse the stock's session low, rebounding from 6% down to 1.4% down at $128.62.
Analysts addressed speculation about Palantir's stock and Anthropic, with Wedbush analyst Dan Ives stating that the company's data-driven moat is not being disrupted by Anthropic's AI model, Claude.
UBS analyst Karl Keirstead also noted that no Palantir customer or partner has cited any real risk from Claude models being used to DIY an equivalent of Palantir.
Meanwhile, Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent meeting with bank CEOs to warn of cyber risks posed by Anthropic's Mythos model.
