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Palantir shares rally 7% as expanded PwC alliance counters Michael Burry's short thesis
Palantir Technologies (PLTR) shares rose 7% to $182.06 after the company announced an expanded alliance with PwC US to build an AI-native deals platform on Foundry and AIP. This move is seen as a counter to investor Michael Burry's renewed short thesis, which flagged Palantir's surging accounts receivable, with one customer holding 27% of the total. The rally also extended to other enterprise AI software stocks, with ServiceNow (NOW) climbing 5% and Salesforce (CRM) gaining 3%.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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