Michael Burry, known for his foresight in the financial markets, reduced his stakes in Alibaba and JD.com by 25% and 40% respectively, while increasing his investment in PDD. After these changes, his significant bets in four Chinese tech companies constituted 53% of his portfolio. The stock market's excitement generated by the release of an AI model known as DeepSeek contributed to a surge in the stocks of these companies, which could benefit Burry should he maintain his positions through this rebound.
"Michael Burry trimmed his stakes in Alibaba and JD.com while increasing his investment in PDD, positioning himself to benefit from a market rebound fueled by AI excitement."
"Burry's investments in four major Chinese tech stocks now represent 53% of his portfolio, reflecting significant interest in the sector amid a market recovery."
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