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Here's how much Michael Burry is up on his Google bet
AlphabetAlphabet(US:GOOGL) Finboldยท2024-05-13 08:56

Group 1 - Michael Burry's investment in Alibaba remains a focal point despite its underperformance, while his long positions, particularly in Alphabet, have gained attention due to the company's involvement in the AI boom [1] - Burry's investment in Alphabet (GOOGL) is estimated to be around $4.7 million for 35,000 shares, with the stock price increasing approximately 26% since the start of Q4 2023, currently valued at $5.96 million [2] - If Burry purchased GOOGL shares after the earnings report dip, his initial investment would be around $4.3 million, leading to a profit of approximately $1.6 million by May 13, 2024 [3] Group 2 - Alphabet's stock recently surpassed a market capitalization of $2 trillion, highlighting its strong performance in the technology sector [1] - The stock price of GOOGL has fluctuated between $123 and $140, with a plausible purchase price set at $135 [2] - Burry's GOOGL investment could be one of his most successful trades recently, closely following his profits from Amazon in the same quarter [3]