Michael Burry's Contrarian Bet on GameStop: A Closer Look

Michael Burry, a prominent investor, has taken a long position in GameStop, a meme stock, citing confidence in CEO Ryan Cohen's leadership and the company's long-term potential. Despite Burry's endorsement, analysts remain skeptical due to the stock's speculative volatility and uncertainty about the retail side of the business. Burry has also bought puts on Palantir and Nvidia, showcasing a mix of cautious and opportunistic bets.