Key Points
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Michael Burry expressed concerns about an AI bubble in late 2022.
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Burry has a history of successful investments, notably profiting over $700 million by betting against the U.S. housing market before its crash.
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He recently revealed a long position in Microsoft, a significant player in the AI sector.
Investor Michael Burry, known for successfully betting against the U.S. housing market, recently took a long position in Microsoft (NASDAQ: MSFT), despite earlier concerns about inflated AI stock valuations. Burry highlighted Microsoft’s competitive strengths and long-term growth potential in his analysis, offering a surprising offset to his previous bearish stance on AI stocks like Nvidia and Palantir Technologies.
Microsoft’s cloud services, including Azure, reported a 39% revenue increase last quarter. The stock is currently trading at 25 times forward earnings estimates, down from over 35 times last year, which Burry views as an attractive pricing for the tech giant amid ongoing AI demand.
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