Michael Burry — the investor made famous by his bet against the housing market in The Big Short — has reportedly piled into three technology stocks he sees as undervalued.
According to a report from 24/7 Wall St. (surfaced via Google News), Burry "backed up the truck" on the names, a phrase investors use to describe buying a large position with conviction. The report frames all three as tech stocks the market may be mispricing.
The headline does not specify which three companies Burry bought, the size of the positions, or the timing of the purchases, so those details remain unconfirmed in the source provided here.
Why does a single investor's trades draw this much attention? Burry built his reputation by spotting risks and opportunities others missed, most notably his pre-2008 wager against subprime mortgages. Because of that track record, his moves are closely watched and often discussed as a signal — even though one investor's picks are no guarantee of future returns.
For everyday readers, the takeaway is less about copying any specific trade and more about a recurring market theme: well-known investors hunting for "undervalued" companies in a tech sector that has otherwise been dominated by high-flying, expensive names.
It matters because when a contrarian like Burry signals that parts of tech look cheap, it can shape how both professionals and retail investors think about where value sits in an AI-driven market.