America’s biggest investor Michael Burry dumps Alibaba, buys rival in China

 Michael Burry has sold off his Alibaba shares, opting instead to invest in a competing firm. He voiced concerns regarding Alibaba’s stock issuance and its fiscal obligations. Additionally, Burry has taken short positions against Oracle and Micron Technology, asserting that both firms might be overly exposed to the AI surge, potentially leading to inflated valuations that do not mirror their fundamental strengths. Michael Burry has sold off his Alibaba shares, opting instead to invest in a competing firm. He voiced concerns regarding Alibaba’s stock issuance and its fiscal obligations. Additionally, Burry has taken short positions against Oracle and Micron Technology, asserting that both firms might be overly exposed to the AI surge, potentially leading to inflated valuations that do not mirror their fundamental strengths.