- Palantir said the expanded alliance covers enterprise AI, M&A transformation and ERP modernization, with the new platform designed to execute transactions up to 50% faster and reduce one-time transaction costs by up to 45%.
- Palantir shares rose 7% in the reported session, while ServiceNow gained 5%, Salesforce rose 3% and the iShares Expanded Tech-Software ETF advanced 4%, showing broad enterprise software strength.
- The rally did not resolve Michael Burry's valuation and receivables concerns: accounts receivable rose to $1.49 billion from $1.04 billion at the end of 2025, and one customer represented 27% of receivables.
- Palantir reported Q2 revenue of $1.935 billion, up 93% year over year, and raised its full-year outlook to $8.15 billion, although the PwC alliance's revenue contribution was not disclosed.
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“a consultant riding a bubble of AI FOMO demand”