Michael Burry calls bottom in software stocks

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michael burrypaypalsoftware stocks

It looks like a correction in Software Sector is over. Michael Burry just called the bottom on software stocks and opened a new 3.5% position in PayPal $PYPL at $49.38. On top of that, he added in his portfolio Salesforce $CRM, Adobe $ADBE, Autodesk $ADSK, Veeva $VEEV

PayPal (PYPL) five-year stock chart with a black arrow labeled 'Burry Invested here' marking the reported buy point.
Five-year PayPal price chart with annotation indicating where Michael Burry reportedly opened a position.

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