JD-This Michael Burry stock just got new upgrades from Wall Street

Core Viewpoint - Renowned investor Michael Burry has significantly increased his investment in Chinese markets, with Chinese stocks now comprising 45% of his portfolio, particularly highlighting the success of JD.com [1] Group 1: Investment Activity - Michael Burry's firm, Scion Asset Management, has been increasing exposure to Chinese markets since Q4 2023, continuing into Q1 and Q2 of 2024 [1] - JD.com has seen a stock price increase of 46.27% in 2024, currently priced at $39.79 [1] - Barclays and JPMorgan have both raised their price targets for JD.com from$ 40 to $50, indicating strong confidence in the stock's potential [2][3] Group 2: Market Sentiment - Despite JD.com's recent 5.53% decline over the past week, major investment firms remain bullish, expecting a recovery in demand and growth [1][3] - Barclays' Gregory Zhao anticipates a return to single-digit year-over-year growth and a positive impact from recent policy shifts [3] - JPMorgan previously labeled JD.com as "too cheap to ignore" when the stock was at$ 28.46, reflecting a significant upside potential [3] Group 3: Market Conditions - The Chinese market experienced a significant rally following a stimulus package announcement, with the Beijing Stock Exchange 50 Index gaining 22% in a single day [4] - However, the rally was halted due to disappointing measures announced by the National Development and Reform Commission, leading to a correction in major indices [5] - Institutional investors appear to remain optimistic about the long-term recovery of the Chinese market despite short-term volatility [5]