Michael Burry Warns on Alibaba's $10.2B AI Capital Raise

1. 1Michael Burry has turned strongly bearish on Alibaba (BABA) after its $10.2 billion share sale.
2. 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.
3. 3He said he would only consider re-entering after a roughly 50% drop, cautioning whether AI returns justify the dilution and increased spending.

Source GuruFocus.com +2 · View original ↗

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