Palantir (PLTR) stock rose 7.7% on Thursday, its strongest single-day gain in about a month, following an expanded partnership between Palantir Technologies and PwC US that gives the company another channel to bring its AI and analytics tools to enterprise clients. The rally came after two losing sessions and arrived one day after investor Michael Burry renewed his bearish view on Palantir, questioning whether its market value reflects its underlying 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 decision-making, and apply AI across their businesses.

Patrick Pugh, PwC US Global Alliances and Ecosystem Leader, said the opportunity in AI extends beyond individual projects, adding that companies can use the technology to change how they run their operations.

Palantir already works with Deloitte and Accenture on enterprise AI projects. Those partnerships cover data analysis, workflow automation, enterprise systems, and broader AI use, giving Palantir several major consulting partners for enterprise AI deployments. Alliances of this kind matter for enterprise software vendors because large consultancies bring established client relationships and implementation capacity, which can help vendors reach corporate customers that often struggle to deploy AI tools on their own.

Burry Renews Criticism of Palantir's Valuation

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. Burry is known for his contrarian bets, including a widely followed position against subprime mortgage securities before the 2008 financial crisis.

The investor pointed to rising receivables, a lower deferred-revenue ratio than some software peers, stock-based compensation, tax benefits, and executive spending as areas of concern. He warned that Palantir could eventually fall below a $100 billion valuation. Metrics like deferred revenue and receivables are commonly used to assess software companies because up-front subscription payments and collection speed can signal demand strength and revenue quality.

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 rally. Some traders criticized Burry's repeated negative calls, arguing that his view does not match Palantir's business momentum. Others focused on valuation and future growth expectations. The discussion showed 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, with future quarterly results offering a measure of whether the partner-driven strategy translates into sustained commercial demand. 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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