Legendary hedge fund manager and "The Big Short" Michael Burry has disclosed his latest portfolio, revealing that he has purchased long-term call options on Microsoft expiring in December 2028. Burry stated that a drop in Microsoft's stock to $350 would present a prime buying opportunity.
On the fundamental front, following Apple's recent price hikes for MacBooks and iPads, Microsoft announced that it will raise prices for its Xbox consoles by up to $150 starting August 1. This marks the second price adjustment for the Xbox in less than a year.
Microsoft continued to rally intraday on Friday, climbing more than 4% at press time.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments