TLDR
- Palantir stock jumped 7.7% on Thursday, marking its strongest single-day gain in about a month.
- The rally followed an expanded partnership with PwC US to bring Palantir’s AI and analytics tools to more enterprise clients.
- Palantir already works with Deloitte and Accenture, giving the company several major consulting partners for enterprise AI projects.
- Michael Burry renewed his bearish view on Palantir, arguing that its roughly $440 billion valuation remains difficult to justify.
- Burry raised concerns about receivables, deferred revenue, stock-based compensation and executive spending, while warning of a possible sharp valuation decline.
Palantir (PLTR) stock rose 7.7% on Thursday, marking its strongest gain in a month. The move followed an expanded partnership between Palantir Technologies and PwC US, giving the company a channel to bring AI tools to clients. The rally came after two losing sessions. It also arrived one day after investor Michael Burry renewed his bearish view on Palantir and questioned whether its market value reflects its business model.
Palantir Stock Gains on Expanded PwC Partnership
PwC US said the expanded relationship will combine its business transformation work with Palantir’s data and AI software. The firms plan to help clients improve operations, support decisions and apply AI across businesses. Patrick Pugh, PwC US Global Alliances and Ecosystem Leader, said the opportunity in AI extends beyond individual projects. He said companies can use the technology to change how they run operations.
Palantir already works with Deloitte and Accenture on enterprise AI projects. Those partnerships cover data analysis, workflow automation, enterprise systems, and AI use. Burry criticized Palantir on Wednesday, arguing that the company operates more like a consulting business than a traditional software provider. He also said its valuation, near $440 billion, leaves room for a sharp decline.
The investor pointed to rising receivables, a lower deferred-revenue ratio than some software peers, stock-based compensation, tax benefits and executive spending. He warned that Palantir could eventually fall below a $100 billion valuation. Burry first disclosed a bearish position in PLTR last November. Since then, he has continued to question the company’s valuation and AI-related demand.
Retail Sentiment Remains Cautious
Retail sentiment on Stocktwits remained bearish on Thursday despite the Palantir stock rally. Some traders criticized Burry’s repeated negative calls and argued that his view does not match Palantir’s business momentum. Other users focused on valuation and future growth expectations. The discussion showed that traders continue to weigh AI demand against concerns about price, revenue quality, and long-term returns.
The PwC announcement gives Palantir another major consulting partner as companies increase AI spending. Investors will watch whether these relationships support revenue growth and broader adoption. At the same time, Burry’s latest comments keep valuation concerns in focus. Palantir stock remains tied to business expansion and investor expectations around AI growth.
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