Headline: Michael Burry Opens Four New Positions — Two Longs, Two Shorts — Betting Against the AI Gold Rush Michael Burry, the investor made famous by The Big Short, had an active week in the markets, quietly entering positions across four names — two long and two short — after spotting range-bound price action. The self-made investor, whose net worth is estimated between $300 million and $500 million, picked up shares of veterinary medicine maker Zoetis Inc. (NYSE: ZTS) at $73.60 and South American e-commerce leader MercadoLibre Inc. (NASDAQ: MELI) at $1,850. Burry accumulated these stakes while both names were trading flat, signaling he views them as out-of-favor but fundamentally promising opportunities. ZTS has been choppy since a sharp, roughly 30% flash crash in May and has traded sideways for about three months; MELI was purchased after a roughly 5.6% pullback from $1,936, a level Burry apparently considers below fair value. At the same time, Burry took bearish positions against two high-profile tech names: Nvidia (NASDAQ: NVDA) and Palantir (NASDAQ: PLTR). His short bets reflect a continuing skepticism about the AI boom — a theme he’s warned about for well over a year. Burry argues that runaway AI spending and massive capex among major tech firms (many exceeding $100 billion) have inflated expectations and created instability that could reset markets. What stands out is Burry’s balanced playbook: he stakes both long and short, accumulating during periods of stagnation and range-bound trading, rather than chasing momentum. For investors in crypto and other fast-moving markets, the move is a reminder that opportunities often present themselves in sideways markets as much as in rallies — and that hedged, conviction-driven positions can be a strategic way to navigate overheated themes like AI. Read more AI-generated news on: undefined/news