Wedbush Securities analyst Dan Ives has sharply criticized "Big Short" investor Michael Burry, calling his aggressive short position against Palantir Technologies Inc. "completely wrong."

In a recent interview, Ives dismissed Burry's warnings as akin to "yelling fire in a crowded theater," arguing that the prominent investor fundamentally misjudged Palantir's long-term growth trajectory.

This scathing critique follows Ives' description of Palantir's latest earnings as "perhaps one of the best quarters in software history," with numbers that "almost look unreal." In a social media post, Ives dubbed Palantir "the Messi of AI."

Despite strong performance, Palantir's stock faced selling pressure, which Ives attributed to investors' "goldfish memory" and an "obsessive focus" on P/E ratios.

Ives contends Burry made a classic mistake by focusing on short-term metrics. "For 20 years, people missed every transformational growth stock by focusing on one-year valuations," he added. "I think Michael Burry...has been completely wrong these past few years."

The analyst countered bearish narratives around Palantir by highlighting its explosive U.S. commercial growth, predicting this segment will "be bigger than the entire company is today" within three years.

He compared Palantir's current growth phase to the early days of Salesforce, Amazon's AWS, and Microsoft's services business. "This is essentially the next Oracle, the next Salesforce, the next mini-Microsoft," Ives stated.