"If you're talking about Michael Burry, yes, I can. You may remember him - he was the guy involved in The Big Short movie, buying credit default swaps on mortgage debt. He absolutely killed it. At first, nobody believed him, and then nobody would sell him the swaps or write them. Michael Burry is a doctor, Dr. Michael Burry, and recently, Doug, he's been buying puts on Palantir (NYSE: PLTR) and Nvidia (NASDAQ: NVDA)."
"The one thing that really stunned me is that he recently bought a lot of GameStop (NYSE: GME). We did a segment recently on how GameStop was the poster child for meme stocks. He believes Ryan Cohen is running it the right way and that there's a way out of the tunnel down the road. Video games aren't going out of style, and a lot of what people buy is online rather than in-store."
GameStop experienced significant volatility in 2025, with its share price declining roughly 34% over the year despite intermittent rallies and news-driven spikes. Persistent uncertainty about the company's transformation from physical retail to digital distribution contributed to the weakness as more consumers purchase and download games directly. Michael Burry positioned himself in the name after closing his hedge fund and focusing on his investments, buying puts on Palantir and Nvidia and accumulating a substantial GameStop stake while praising CEO Ryan Cohen. The retail footprint faces structural pressure, but online sales and strategic shifts present a potential pathway to stabilize results.
Read at 24/7 Wall St.
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