Dan Ives Dismisses Michael Burry’s Bearish Palantir Take: Retail Says ‘Charge Burry For Manipulation’

• Market volatility around Palantir intensified after Burry suggested on social media that Anthropic may be gaining ground.
• Burry later removed the post, but not before it circulated widely among traders focused on AI-linked equities.
• Ives pointed to the company’s proprietary Ontology framework, expanding enterprise contracts, and deep integration across government and commercial sectors as core strengths.

Dan Ives, managing director at Wedbush Securities, dismissed “The Big Short’’ investor Michael Burry’s now deleted bearish interpretation of Palantir Technologies Inc. (PLTR), calling it a “fictional narrative” that misrepresents the competitive position.

Market chatter intensified after Burry, known for predicting the 2008 housing market crisis, suggested on social media that Anthropic could be gaining an advantage over Palantir. He later removed the post, but not before it circulated widely among traders focused on AI-linked equities.

The stock lost over 13% on Wednesday and Thursday alone. 

Wedbush Reaffirms Bullish Stance

Ives reiterated an “Outperform” rating and maintained a $230 price target, implying a potential 77% upside to the stock’s closing price on Thursday. 

He pointed to the company’s proprietary Ontology framework, expanding enterprise contracts, and deep integration across government and commercial sectors as core strengths.

Palantir stock traded over 5% lower on Friday morning. 

What Are Retail Traders Saying? 

On Stocktwits, retail sentiment around the stock changed to ‘extremely bullish’ from ‘bullish’ territory the previous day. Message volume shifted to ‘extremely high’ from ‘high’ levels in 24 hours. 

A Stocktwits user said Burry should be charged for manipulation. 

Another bullish user expects Palantir and Anthropic to merge at some point for superintelligence. 

Growth Drivers And Competitive Landscape

According to Ives, Palantir is benefiting from accelerating demand across both commercial and government segments. U.S. commercial revenue growth has surged more than 137% year over year, while government-related business expanded by roughly 66%, reflecting stronger adoption of large-scale data analytics and AI deployment programs. 

While investors have expressed concern about AI competition from firms such as Anthropic, Ives stated that these developments do not materially disrupt Palantir’s enterprise positioning. 

PLTR stock declined by over 29% year-to-date. 

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