Michael Burry spent the back end of 2025 telling anyone who would listen that the AI boom was heading for a crash. Then, apparently, he bought Adobe.
Shares in the software company climbed nearly 4% on Tuesday after unconfirmed reports surfaced that Burry, the investor who made $700m betting against the US housing market before the 2008 crash, had taken a long position in Adobe stock. The price touched $270 before settling around $268, per Yahoo Finance. And while nobody has seen a regulatory filing to confirm the trade, the rumour alone was enough to shift the needle on a stock that has been drifting lower for the better part of a year.
