"Big Short" Investor Michael Burry Has 10% of His Portfolio in 2 "Magnificent Seven" AI Stocks

Many people know Michael Burry from the book The Big Short, or the movie that was based on it. Both chronicled the story of a ragtag group of investors who bet against the U.S. housing market before the 2008-2009 financial crisis, shorting mortgage-backed securities at a time when everyone else thought housing was set to go up forever. Burry is still investing today, and runs Scion Asset Management.

In 2023's fourth quarter, Scion Asset Management reported two purchases that may surprise his value-investing followers: Amazon (NASDAQ: AMZN) and (NASDAQ: GOOG). These "Magnificent Seven" growth stocks have typically been shunned by value investors due to their high earnings multiples. Yet as of the end of 2023, they made up 10% of Burry's stock portfolio.

So why did Burry open positions in Amazon and Alphabet?

Source Fool.com

Alphabet Inc. C Aktie

Die Alphabet Inc. C Aktie verzeichnet heute einen kleinen Rückgang um -0,64 %.
Die Alphabet Inc. C Aktie in der Gunst der Community: Nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Ein positives, wenn auch bescheidenes, Potenzial für Alphabet Inc. C mit einem Kursziel von 165 € im Vergleich zum aktuellen Kurs von 141.9 €.

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This real estate market collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary five nights at freddy's concern is how to maximize my savings/retirement fund of about "$300k" which has been sitting duck since forever with zero to no gains.