Story perspectives

Michael Burry Boosts GameStop Stake, Shares Surge 8%

1/27/2026

Summary

Story summary

Michael Burry, investor, has increased his stake in GameStop Corp., signaling a long-term investment.
His Substack announcement lifted GameStop's stock by 8%.
He says he is buying shares at about one times tangible book value, signaling potential growth.
He praises Ryan Cohen, Chief Executive Officer of GameStop Corp., for leadership and strategic direction.
Despite 470 store closures, he remains optimistic about the company’s future under Cohen's guidance.

History

Historical Context

In January 2021, GameStop's stock price skyrocketed due to a short squeeze initiated by Reddit's r/wallstreetbets, where retail investors aimed to counter institutional short-sellers. The stock surged over 1,700% at its peak, driven by significant investments from figures like Michael Burry and Ryan Cohen. This event prompted regulatory scrutiny and highlighted the growing influence of social media on financial markets.

1 of 2

Story summary

Michael Burry, investor, has increased his stake in GameStop Corp., signaling a long-term investment.
His Substack announcement lifted GameStop's stock by 8%.
He says he is buying shares at about one times tangible book value, signaling potential growth.
He praises Ryan Cohen, Chief Executive Officer of GameStop Corp., for leadership and strategic direction.
Despite 470 store closures, he remains optimistic about the company’s future under Cohen's guidance.

1 / 2