Michael Burry Bets on Amazon and Alphabet Growth Potential
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Michael Burry of "The Big Short" fame has 10% of his portfolio in Amazon and Alphabet stocks. He sees future profit growth potential.
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Amazon's profits are increasing due to high-margin businesses like AWS and advertising. Burry expects 10% margins in 2024.
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Alphabet maintains dominance in search, grows YouTube and Google Cloud. Burry likely sees continued growth.
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Burry's reasons for buying may differ from others'. His positions could have changed since latest filings.
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Don't blindly copy famous investors' moves. Better to buy stocks you believe in yourself.