Well-known investor Michael Burry, who rose to fame after “The Big Short” movie spotlighted his remarkably accurate call on the U.S. housing market collapse, revealed his latest portfolio moves last week. While the legendary investor expanded his short positions tied to artificial intelligence (AI) and semiconductor stocks, one move stood out for a very different reason. He appears to have increased his stake in online sports betting giant DraftKings (DKNG).
DraftKings has had a rough ride over the past year.
