Why did Burry increase his stakes in Adobe and Veeva?

Burry views these as 'lighter expectations stocks' that could benefit from a predicted correction in AI stocks.

Michael Burry Boosts Adobe, Veeva Stakes: Value Stocks Emerging

Q: Did Burry predict a correction in AI stocks?

Yes, Burry stated that AI-fueled stocks are headed for a correction.

Michael Burry raised his stakes in Adobe (ADBE) and Veeva (VEEV), calling them 'lighter expectations stocks' and predicting a correction in AI-fueled equities.

June 15, 2026

1 min read

Source: Stocktwits

Legendary investor Michael Burry, famed for betting against subprime mortgages in 2008, has increased his holdings in Adobe (ADBE) and Veeva Systems (VEEV), according to a recent filing. Burry separately stated that AI-fueled stocks are headed for a correction, while value stocks are emerging as attractive opportunities.

Details of the Increase

The filing did not specify the exact size of the stake increases, but it signals growing confidence in these companies, which Burry described as "lighter expectations stocks" — firms that have not been swept up in the AI valuation frenzy.

Correction Context

Burry's comments come amid growing concerns that AI-related tech stocks may be overvalued, prompting some investors to rotate into sectors with more reasonable valuations.

What This Means for Investors

Burry's moves may indicate a shift in market sentiment toward value stocks, particularly in software and healthcare companies with solid fundamentals but less hype.

Frequently Asked Questions

Michael Burry is an American investor known for predicting the 2008 housing crisis; he manages Scion Asset Management.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.