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The post Michael Burry bets on sportsbooks DraftKings, Flutter appeared on BitcoinEthereumNews.com. Michael Burry attends the premiere of “The Big Short” at Ziegfeld Theatre on Nov. 23, 2015 in New York. Dimitrios Kambouris | Getty Images Michael Burry of “The Big Short” fame said he bought shares of regulated sports-betting operators DraftKings and Flutter Entertainment, anticipating regulators will eventually crack down on prediction markets after competition from the upstarts pressured the stocks. Burry said Wednesday he purchased a full-sized position split roughly 60% in Flutter and 40% in DraftKings, buying Flutter at about $107 a share and DraftKings in the low $26 range. He said he could eventually increase each holding into a full standalone position. Stock Chart IconStock chart icon DraftKings one year The investor, who rose to prominence for predicting the U.S. housing crash in 2008, said both companies are attractive businesses whose shares have been weighed down by the rap
Read full articleBurry's bet highlights potential regulatory shifts favoring traditional sportsbooks, impacting the future of crypto-based prediction markets. The post Michael Burry bets on Flutter Entertainment and DraftKings, wagering regulation will crush prediction markets appeared first on Crypto Briefing.
The post Michael Burry Responds to Trump’s Criticism of Short Sellers appeared on BitcoinEthereumNews.com. TLDR President Trump took aim at short sellers during a White House event, claiming they were “in big trouble.” Michael Burry fired back, defending short selling as essential to market health. The famed investor suggested Trump lacks understanding of his investment approach. Burry contends Trump’s Iran strategy is driven by concerns over market volatility. Brent crude surged past $126 per barrel amid heightened tensions before retreating to pre-conflict levels. During a White House gathering on Monday celebrating the rollout of Trump Accounts, President Donald Trump took shots at short sellers. He described a “couple of guys” betting against the market as facing serious losses and “being wiped out.” The president expressed his disdain for short sellers, characterizing their activities as betting against America itself. Michael Burry, the renowned investor who famously forecasted t
The post Michael Burry Sees Trouble Ahead for Micron, Takes Short Position on MU appeared on BitcoinEthereumNews.com. Key highlights: Michael Burry disclosed a new short position in Micron Technology He said the stock’s run is driven by FOMO The chipmaker recently reported record revenue and strong AI demand Michael Burry, the investor made famous by The Big Short, has taken an interesting bet against one of the hottest names in the AI space. Burry recently revealed that he has opened a short position on Micron stock. This comes even as the memory-chip maker saw record financial results and benefited from the AI demand. His move came as a surprise to many investors, considering the fact that the company has been one of the strongest performers in the semiconductor sector this year. Micron’s incredible run is a concern for Burry In a Substack post, Burry said the MU stock rally was being driven by “fear of missing out.” He also called it the “greater fool theory.” According to him, Mi
Michael Burry has shorted Micron at $1,051 per share, warning AI chip stocks face a 30% correction as $500B in new capacity threatens to flood the market. The post Michael Burry’s bearish bet against memory chipmakers is starting to look less crazy appeared first on Crypto Briefing.
Burry's bearish stance signals potential volatility in tech stocks, urging investors to reassess AI-driven valuations amid market uncertainties. The post Michael Burry intensifies bearish bet against Micron stock, warns AI rally is nearing its end appeared first on Crypto Briefing.
Burry's short positions highlight potential overvaluation in AI-related stocks, suggesting a looming correction in the tech-driven market. The post Michael Burry shorts Caterpillar amid 172% AI rally concerns appeared first on Crypto Briefing.
Burry's bearish stance on AI chips highlights potential financial instability in tech firms, risking significant earnings revisions and market volatility. The post Michael Burry revives bear case for AI chips amid GPU depreciation concerns appeared first on Crypto Briefing.
Burry's short position signals potential overvaluation concerns, impacting investor sentiment and highlighting market volatility risks. The post Caterpillar stock retreats from record after Michael Burry discloses short position appeared first on Crypto Briefing.
