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Michael Burry is adding to beaten-down software names.
Michael Burry initiated a new position in Microsoft despite sector-wide software selloffs.
KEY POINTS
- Burry increased his stakes in MSCI, PayPal, and Adobe, citing oversold opportunities.
- He is expanding put option holdings, now comprising about 5% of his portfolio.
- Burry attributes recent software stock declines partly to AI threat concerns from IBM and ServiceNow earnings.
- Despite a bearish market outlook, Burry did not sell any of his software stocks.
COMPANIES
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