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Burry Sells Alibaba Amid AI Bet | Durham News
Michael Burry, the housing crash prophet, just dumped his entire Alibaba stake—saying he won’t buy back in until the stock drops another 50%. His beef? Alibaba’s pivot to AI is turning it into a capital-heavy tech beast, not the lean e-commerce giant he trusts. But Alibaba’s CEO just poured in $15 million personally, citing triple-digit AI sales growth and accelerating cloud revenue as proof their AI bet is winning. With revenue up 9% and cloud booming despite massive dilution from the biggest stock offering of the year, leadership is locked in. Burry sees doom; the execs see destiny. Who’s…
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