Palantir Stock Defies Red Flag and Skyrockets 8% – Here’s Why

Palantir Technologies (PLTR) shares surged about 8% on Thursday, climbing to roughly $183 after a near‑6% drop the day before. The rally occurred despite renewed criticism from short‑seller Michael Burry.

Michael Burry’s renewed criticism

Burry posted on X that Palantir remains overvalued, describing it as a consultant riding an AI‑FOMO bubble. He highlighted several financial concerns:

• Accounts receivable growing faster than revenue in nine of the last twelve quarters.
• A single customer accounting for about 25% of receivables while contributing less than 10% of revenue.
• Rising days sales outstanding and deferred‑revenue patterns more typical of consulting firms than pure SaaS peers.
• Elevated stock‑based compensation and large net operating losses.

Burry disclosed he remains short the stock and holds put options, warning of possible channel‑stuffing or loss of bargaining power.

PwC partnership drives price action

Investors largely ignored Burry’s comments, focusing instead on news of an expanded strategic alliance with PwC US. The deal combines Palantir’s Foundry and AI Platform with PwC’s industry expertise to create an AI‑native deals platform that aims to speed transactions by up to 50% and cut one‑time costs by up to 45%.

The announcement lifted the stock, which closed at $183.03, up $13.57 from the prior close of $169.46. Over the past five days the share price is down 1.36%, but it remains up 25.69% for the month, 21.27% over six months, and 0.63% year‑to‑date.