Why is Michael Burry Buying Chinese Stocks? #Baidu #Stocks

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Michael Burry went on a buying spree of Chinese tech stocks recently and as of the third quarter of 2024 three of his biggest holdings are Chinese tech stocks. They represent a massive 46% of his portfolio. He increased his Alibaba group holdings by 24%, adding 30,000 shares and he also boosted his stake in Baidu by 87.5%. Baidu is a major player in AI and internet services in China.

One of the reasons he may be doing this is that Chinese stocks are much cheaper than US Stocks.

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