Dan Ives Says Michael Burry Is 'Dead Wrong' on Palantir After Blockbuster Earnings

This article first appeared on GuruFocus.

Wedbush analyst Dan Ives pushed back sharply against Big Short investor Michael Burry (Trades, Portfolio)'s bearish bet on Palantir Technologies (NASDAQ:PLTR), saying the famed short seller is dead wrong, according to a Tuesday interview.

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Ives compared Palantir's rapid growth to the early stages of Salesforce (NYSE:CRM), Amazon (NASDAQ:AMZN) Web Services, and Microsoft (NASDAQ:MSFT), arguing the company is now a cornerstone of the AI software landscape. He also called Palantir the Messi of AI in a post on X.

The remarks came after Palantir reported what Ives described as one of its strongest quarters ever, with soaring demand in its U.S. commercial business. The analyst expects that division to surpass the company's current scale within three years.

Despite the upbeat commentary, Palantir's stock slid nearly 8% to $190.74 on Tuesday and declined another 3% after hours. Shares remain up more than 150% in 2025, maintaining a strong long-term uptrend despite short-term volatility.

Ives dismissed Burry's warning that the AI boom could mirror the dot-com bubble, urging investors to focus instead on Palantir's growing free cash flow and long-term fundamentals. You can't just look at one-year valuations, he said.

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