After Nearly Dumping His Entire Portfolio, "The Big Short's" Michael Burry Just Bought 2 Abandoned Stocks Down at Least 40% This Year

Michael Burry gained recognition in the investing community by placing bets against the housing market before the Great Recession.

Dr. Michael Burry rose to fame for bets he made against the housing market, leading up to the Great Recession, when he purchased credit default swaps on mortgage bonds that paid out big. These events were portrayed in the movie The Big Short in which Oscar-winner Christian Bale portrayed Burry in the critically acclaimed film directed by Adam McKay.

Needless to say, Burry, who runs Scion Asset Management, turned heads again earlier this year when filings showed that the fund sold nearly its entire portfolio in the first quarter of the year. Burry also bought put options on large tech and artificial intelligence (AI) stocks like Nvidia . Those moves prove