Palantir Rallies 7% as PwC Alliance Counters Michael Burry Bear Case, ServiceNow Climbs 5%, Salesforce Gains 3%

Palantir Rallies 7% as PwC Alliance Counters Michael Burry Bear Case, ServiceNow Climbs 5%, Salesforce Gains 3%

Michael Burry just renewed his short case against Palantir, and Palantir answered with a major alliance announcement that sent the stock surging. Whether that response actually addresses the receivables quality problem Burry flagged is a different question entirely.

Palantir (PLTR) Stock Surges on PwC Deal as Burry Warns Again

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 [...]

PwC and Palantir Expand Strategic Alliance to Help Organizations Scale Enterprise AI

Expanded collaboration can help organizations build intelligent enterprises through scaled enterprise AI, M&A transformation, and ERP modernization PwC US and Palantir Technologies Inc. announced an expansion of their strategic alliance to help organizations use data and AI to transform critical business operations and deliver measurable enterprise value. The alliance will initially focus on three priority […]