Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
Niloy Chakrabarti

Michael Burry Vouches for Beaten-Down Adobe in Latest SaaS Analysis: 'The Stock Offers an Aggressive Moat'

Michael Burry has been engaging in value-investing plays despite cautioning about AI bubble fears. (Credit: YouTube.com)

Michael Burry is known for betting against the US real estate market during the global financial crisis to net hundreds of millions of dollars in profits. His contrarian bets and strategic foresight have created an investor community that remains in awe of his contrarian bets through the decades. He bought GameStop before it was a meme stock and even invested in water, predicting future scarcity.

Even eBay rejected GameStop's $55 billion takeover offer after Burry criticised the move, stating he sold all his GameStop shares because they simply can't take over eBay or compete with giants like Amazon.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.