Palantir Technologies (PLTR) has been hit hard by a threat from AI upstart Anthropic, with Palantir being particularly hard hit. Wedbush analyst Dan Ives has refuted this, stating that the hype surrounding Anthropic's threat is exaggerated. Ives also backed the numbers to support his claim that Palantar typically drops engineers into client offices for months at a time to keep systems running, which he claims is a professional service, not tech. He also highlighted that Anthropic is pulling in 73% of all new enterprise spending. Additionally, Morgan Stanley has warned investors against investing in PalantIR stocks. The company's shares have fallen sharply since the Iran-U.S. war and its guidance for 2026 has been questioned.