Big Short Investor Michael Burry Opens New Position in Adobe Stock (ADBE)

2026-03-03 16:55:29

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According to multiple media reports, famed investor Michael Burry has taken a new position in the stock of software maker Adobe ADBE +3.50% ▲ .

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The exact size of Burry’s position isn’t known. But an investment from the closely followed investor is a vote of confidence both in Adobe and beaten down software stocks. ADBE shares have declined 42% in the last 12 months, including a 23% drawdown this year.

The company behind products creative software products such as Photoshop and Illustrator has seen its stock badly battered over concerns that artificial intelligence (AI) will disrupt its business and hurt its long-term growth.

Michael Burry’s Contrarian Views

Michael Burry rose to fame for his successful bet against the U.S. housing market prior to the 2008/09 financial crisis, an event that was chronicled in the book and film The Big Short. Burry is known as a contrarian investor and often champions beaten down stocks as he disparages market darlings.

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