This Michael Burry stock bet is on fire—and Wall Street is taking notice

Group 1: Michael Burry's Investment Strategy - Michael Burry is a highly respected investor known for predicting the subprime mortgage collapse that led to the 2008 financial crisis [1] - Through his hedge fund, Scion Asset Management, Burry has shifted focus to international investments, particularly in China [2] Group 2: Portfolio Performance - In 2024, Burry's portfolio achieved an estimated return of 74.24%, significantly outperforming the S&P 500's gain of 25% [3] - His largest holding, Alibaba (NYSE: BABA), has increased by 23.37% year-to-date, reaching $104.61 [4] Group 3: Analyst Ratings and Price Targets - Citi analyst Alicia Yap maintained a 'Strong Buy' rating for Alibaba and raised the price target from$133 to $138, indicating a potential upside of 31.91$137 to $130, which suggests a 24.27% upside from current prices [6][7]