Michael Burry just made a rare bullish bet on Big Tech

Contrarian investors marque their reputations by being close erstwhile everyone other is wrong. The harder instrumentality is knowing erstwhile their ain bearishness has tally its course. The champion of them tin flip without flinching.

Few investors transportation a heavier bearish estimation than Michael Burry. The Scion Asset Management laminitis is the antheral who shorted the lodging marketplace earlier the 2008 crash, the relation Christian Bale played successful "The Big Short."

For astir of 2026, helium has aimed that skepticism squarely astatine artificial intelligence, stacking enactment options against Nvidia (NVDA) and a handbasket of semiconductor and Nasdaq funds portion comparing today's AI mania to the dot-com peak. He has called the leaders of the AI roar overhyped and overfunded, and helium has enactment existent wealth down the warning.

So it counts arsenic quality erstwhile the most-watched carnivore connected Wall Street softly does the opposite. On June 25 Burry disclosed a long, multi-year bullish stake connected Microsoft (MSFT), buying December 2028 telephone options connected a banal helium says the marketplace has unfairly thrown away.

What Michael Burry really bought successful Microsoft

The presumption is antithetic successful its construction. Burry did not simply bargain the stock.

He bought December 2028 semipermanent equity anticipation securities, oregon LEAP telephone options, with a onslaught terms successful the debased $700s, according to Stocktwits. A LEAP is simply a telephone enactment dated years retired alternatively than months.

By utilizing options alternatively of buying shares outright, Burry risks a smaller, defined sum for a acold bigger payoff if Microsoft climbs, the benignant of asymmetric setup helium has favored for years.

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His reasoning was blunt. The "$350 level for Microsoft is simply a bully spot to buy," Burry wrote, calling the longer-dated options inexpensive adjacent to his outlook, according to TipRanks.

Here is what struck maine erstwhile I ran the math. Microsoft closed astatine $365.46 connected June 24 and touched a 52-week debased of $349.20 the adjacent day. For low-$700s calls to wage off, the banal has to astir treble by December 2028 and wide its October 2025 grounds adjacent of $538.66 by a wide margin.

That is not a bounce bet. It is simply a wager that Microsoft prints an all-time precocious it has ne'er seen, and does it wrong astir 2 and a fractional years.

This is not adjacent Burry's archetypal determination connected the stock. He archetypal went agelong Microsoft successful April, erstwhile shares were besides getting hammered, arsenic TheStreet reported. The June commercialized escalates that presumption into a multi-year options operation with acold much upside if helium is right.