This ‘Big Short' Michael Burry stock is up 40% in two weeks

Several consecutive 13-f filings made by Michael Burry’s Scion Asset Management revealed a string of seemingly unprofitable trades. Though the original 2023 bet against the semiconductor industry was dropped, the lackluster Alibaba (NYSE: BABA) long position remained in focus throughout the first quarter of 2024.The latest filing, however – released on May 15 – changed the situation drastically as, while the two major Chinese stocks, BABA and JD.com (NASDAQ: JD) continued to dominate the portfolio, a series ...