$1.6 trillion asset manager just announced stake in this Michael Burry stock pick

$1.6 trillion asset manager Bank of America has announced a stake in Chinese e-commerce giant JD.com (NASDAQ: JD), citing the company's growth potential. JD is a key pick in the stock portfolio of Michael Burry of 'The Big Short,' as of the last quarter of 2024, the company accounted for 13.43% of his Scion Asset Management holdings, although he had drastically lowered his stake by 40% from the previous quarter. While American stocks have experienced massive volatility, JD.com is among the Chinese equities ...