Michael Burry Warns on Alibaba's $10.2B AI Capital Raise
BABA Alibaba Group Holding Ltd ADR
$118.47 -0.73%
View chart & analysis → - 1Michael Burry has turned strongly bearish on Alibaba (BABA) after its $10.2 billion share sale.
- 2The company issued 710 million new Hong Kong shares at HK$112.70, increasing share count by about 3.6%, with all proceeds going to AI.
- 3He said he would only consider re-entering after a roughly 50% drop, cautioning whether AI returns justify the dilution and increased spending.
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