We just covered the Michael Burry Stock Portfolio: Top 8 Stock Picks in 2026 and GameStop Corp. (NYSE:GME) ranks 8th on this list.
Latest reports suggest that Michael Burry has sold off his entire stake in GameStop Corp. (NYSE:GME) after the CEO of the gaming firm made a surprising offer to acquire multinational ecommerce firm eBay for more than $55 billion. Burry revealed in a post on blogging platform Substack earlier this month that he had sold off his entire stake in GameStop following the eBay bid. Interestingly, eBay rejected the GameStop bid last week over financing doubts, calling the proposal neither credible nor attractive. Burry has prior history with GameStop and just four months ago, published a bullish Substack article on the company.
Burry had bought the stock in 2018 but sold his position before the short squeeze of 2021. This short squeeze led to the company becoming the ultimate meme stock. In his bullish thesis on GameStop Corp. (NYSE:GME), published in late January, Burry said, per news agency Reuters, that the shares were unlikely to see a repeat of the 2021 short squeeze. “The value is not in another big short squeeze… which is not likely to happen. At least, the most commonly cited theories oriented to such an outcome do not amount to much for me,” he said. Burry noted that GameStop’s stock was largely a wager on Cohen’s ability to turn the company’s cash pile into growth opportunities. “Ryan is making lemonade out of lemons. He has a crappy business, and he is milking it best he can while taking advantage of the meme stock phenomenon to raise cash and wait for an opportunity to make a big buy of a real growing cash cow business.”
While we acknowledge the potential of GME as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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