Michael Burry sells Alibaba shares, cites high valuations and dilution risks

In recent months, Michael Burry sold his shares in Alibaba Group, citing high valuations and concerns over a $10 billion share sale to fund AI investments. This decision followed a significant profit decline of 75% reported by Alibaba for the quarter ending in June, raising investor skepticism about the company's future. Burry indicated he would only consider reinvesting if the stock price fell by half.