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Home/Briefs/equity investing

BriefApril 14, 2026 · 10:00 AM

Michael Burry bets on a software industry bottom

Adobe shares fell 31.31% from $349.99 on December 31 to $240.40 on April 14. Autodesk shares fell 23.23% from $296.01 on December 31 to $227.25 on April 14. Veeva shares fell 27.56% from $203.23 on December 31 to $161.71 on April 14. These losses are the result of a severe downturn in the software industry, driven by investor fear that AI agents, introduced by Anthropic in February, would render software services obsolete. Michael Burry has taken three new long positions in Adobe, Autodesk, and Veeva. He is wagering on an upward correction as these stocks approach a bottom.

Freya York

Equity InvestingPortfolio ManagementArtificial Intelligence

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