Michael Burry, known for predicting the housing market crash, has recently hinted at a new post on GameStop in December. His past involvement with GameStop has excited loyal investors and raised questions about his future plans with the company. Burry’s cryptic tweets have sparked speculation about his next move.
Burry’s fund, Scion Asset Management, disclosed bets against major AI stocks like Palantir and Nvidia before announcing its shutdown. With over 116,000 subscribers on his Substack, Burry aims to provide clear insights to retail investors. His past letters to GameStop’s board reveal his concerns about the company’s strategic decisions and executive compensation.
GameStop reported a 22% increase in net sales for the second quarter of fiscal year 2025, driven by strong growth in hardware and collectibles. Despite doubling its cash reserves, the company’s increased debt raises concerns. Management’s shift towards a Bitcoin treasury strategy and the stock’s meme status may impact long-term investors.
Burry’s upcoming post on GameStop has sparked interest in the investment community. With GameStop’s improving business metrics and forward-looking financials, there may be a case for investment. However, caution is advised due to potential meme stock volatility. The Motley Fool does not currently recommend GameStop as one of the top 10 stocks to buy.
Read more at Nasdaq: Is “The Big Short’s” Michael Burry About to Back Up the Truck on GameStop?
