'Big Short' investor Michael Burry kept quiet, piled into China tech, and won big with a stock bet in 2024

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How Money Can Make More Money

'Big Short' investor Michael Burry kept quiet, piled into China tech, and won big with a stock bet in 2024

//stocks-investing.news-articles.net/content/202 .. a-tech-and-won-big-with-a-stock-bet-in-2024.html

Published in Stocks and Investing on Thursday, January 9th 2025 at 23:21 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Michael Burry refrained from posting on X, bet big on a trio of Chinese tech giants, and saw one stock wager pay off last year.

Michael Burry, known for his predictions of the 2008 financial crisis, made a significant investment in Chinese technology stocks in 2024, which paid off handsomely. Despite his usual reticence, Burry's strategic move into China's tech sector, particularly through investments in companies like Alibaba and Tencent, resulted in substantial gains. His decision to keep a low profile while making these investments allowed him to capitalize on the market's underestimation of China's tech recovery. This bet was part of a broader strategy where Burry also shorted other sectors, showcasing his contrarian investment approach. His success in 2024 further solidified his reputation as a savvy investor with a keen eye for undervalued assets in volatile markets.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/topstocks/big-short-investor-michael-burry-kept-quiet-piled-into-china-tech-and-won-big-with-a-stock-bet-in-2024/ar-BB1r9h4I ]

Publication Contributing Sources

MSN

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'Big Short' investor Michael Burry kept quiet, piled into China tech, and won big with a stock bet in 2024