Palantir (PLTR) shares jumped about 8% on Thursday and finished at $183.03, with the company’s partnership with PwC US swamping criticism from well-known short seller Michael Burry. Burry, famous for bearish bets, went on X to repeat his negative take, saying the company’s accounts receivable were growing fast and that its business looked a lot like a consultancy. But the market mostly brushed him off.
The main spark for the rally was Palantir’s announcement that it is widening its strategic alliance with PwC US. The two companies will build an AI-native trading platform together, aimed at boosting trade execution speed by as much as 50% and cutting one-time costs by as much as 45%.
Data shows Palantir’s stock is up 25.69% over the past month and 21.27% over the past six months.
Palantir Shares Surge 8% Despite Short Seller Burry's Criticism, Hit $183
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News EditorPalantir (PLTR) shares rallied about 8% on Thursday to close at $183.03, shrugging off bearish comments from well-known short seller Michael Burry. The stock's gains came as the company expanded its strategic alliance with PwC US to launch an AI-native trading platform that promises to boost execution speed by up to 50% and cut one-time costs by up to 45%. Palantir's stock is up 25.69% over the past month and 21.27% over the past six months.
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