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Michael Burry's Portfolio Soars 74%; Alibaba Leads Gains

2/8/2025

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Summary

Story summary

Michael Burry, famous for predicting the 2008 crisis, invests through Scion Asset Management.
His portfolio saw a remarkable 74.24% return in 2024, far exceeding the S&P 500's 25%.
Burry's top investment, Alibaba, rose 23.37% this year, leading analysts to recommend 'Strong Buy' ratings.
Citi's Alicia Yap increased Alibaba's price target to $138, suggesting a potential 31.91% upside.

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Story summary

Michael Burry, famous for predicting the 2008 crisis, invests through Scion Asset Management.
His portfolio saw a remarkable 74.24% return in 2024, far exceeding the S&P 500's 25%.
Burry's top investment, Alibaba, rose 23.37% this year, leading analysts to recommend 'Strong Buy' ratings.
Citi's Alicia Yap increased Alibaba's price target to $138, suggesting a potential 31.91% upside.