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

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

Palantir Technologies’ stock jumped approximately 8% on Thursday, recovering from the previous session’s nearly 6% decline and trading near $183.

The rebound came even as prominent short-seller Michael Burry, known for his role in “The Big Short,” renewed his long-standing bearish critique of the company.

Palantir (PLTR) Price Performance. Source: TradingView

Burry’s Renewed Case Against Palantir

In a detailed post on X early Thursday, Burry reiterated that Palantir is back in the stratosphere and that the facts have not changed. He described the firm as a consultant riding a bubble of AI FOMO demand and warned that its market cap could eventually fall well below $100 billion.

Burry focused on accounts receivable trends, noting…

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