Adobe stock gains on rumors ‘Big Short’ Michael Burry goes long
Crypto Briefing
Adobe shares rose following unconfirmed reports that investor Michael Burry took long positions in the software company.Summary
Adobe shares increased by 3% in intraday trading after unconfirmed reports suggested that Michael Burry, known for predicting the 2008 housing collapse, had established long positions in the software company. This reported move contrasts with Burry's recent bearish stance on AI equities, where nearly 80% of his disclosed portfolio consisted of put options against Nvidia and Palantir. Burry has also historically been skeptical of Bitcoin. Separately, Senator Markwayne Mullin disclosed owning up to $50,000 in Adobe stock, acquired in early February.
(Source：Crypto Briefing)