Breaking: Michael Burry's updated positions, per his Substack
Top 10 Positions: Top tier (~8% each):• Adobe $Adobe(ADBE.US) [Long]• MercadoLibre $Mercadolibre(MELI.US) [Long]• Zoetis $Zoetis(ZTS.US) [Long]• JD $JD.com(JD.US) [Long]Second tier (~7% each):• Lululemon $Lululemon(LULU.US) [Long]• PayPal $Paypal(PYPL.US) [Long]• Veeva $Veeva Systems -CL(VEEV.US) [Long]• Flutter $Flutter ENT(FLUT.US) [Long]• Molina Healthcare $Molina Healthcare(MOH.US) [Long]• HCA Healthcare $HCA Healthcare(HCA.US) [Long]Third tier (~5% each):• Fannie Mae $Federal National Mortgage Association(FNMA.US) [Long]• Freddie Mac $Freddie Mac(FMCC.US) [Long]• Sprouts $Sprouts Farmers(SFM.US) [Long]Shorts, largest to smallest:• iShares Semiconductor ETF $SOXX• Micron $Micron Tech(MU.US)• Nebius $Nebius(NBIS.US)• Nvidia $NVIDIA(NVDA.US)• Oracle $Oracle(ORCL.US)• Palantir $Palantir Tech(PLTR.US)• Caterpillar $Caterpillar(CAT.US)• Invesco QQQ Trust $QQQ [Put, ~6% of portfolio]Full exits:• Tesla $Tesla(TSLA.US) [Short] - Covered for a gain• Applied Materials $Applied Materials(AMAT.US) [Short] - Covered for a gain• SOXX put options - Sold entirely, replaced with the bigger QQQ put positionSummary: He's betting less on chips falling and more on the whole Nasdaq falling. Trimmed Caterpillar, added to Micron, raised cash to 12%
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S a a S
S u m m e r $Palantir Tech(PLTR.US) 107 —> $179$Shopify (SHOP.US) $97 —> $157$Reddit(RDDT.US) $120 —> $155$Adobe(ADBE.US) $193 —> $271$ServiceNow(NOW.US) $80 —> $125$Datadog(DDOG.US) $105 —> $252$Atlassian(TEAM.US) $57 —> $165 $Zeta Global(ZETA.US) $18 —> $29 $IGV +42% from April lowsanyone who took a chance on software over the past few months, especially in the face of semis ripping higher daily, deserves to enjoy this onequality businesses that are governing and orchestrating tokens got sold off for fears from model companies that ultimately will be providing AI tools to make the application layer even strongerthe rotation to SaaS is also not taking away from semis which is strong for the broader health of the marketSource: amit
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SCHWAB CLIENTS IN JULY WERE NET BUYERS BY A 2:1 RATIO IN ETFS AND EQUITIES.
Top stocks bought: - $SpaceX(SPCX.US)- $Micron Tech(MU.US)- $Intel(INTC.US)- $Oracle(ORCL.US)- $Tesla(TSLA.US)Top stocks sold:- $Apple(AAPL.US)- $Broadcom(AVGO.US)- $Adobe(ADBE.US)- $Paypal(PYPL.US)- $AMD(AMD.US)Source: amit
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$Adobe(ADBE.US) small gap up today has me inch up let it ride stops
Source: Sunrise Trader
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Update: It's been 157 days since Michael Burry publicly went long on Adobe $Adobe(ADBE.US)
It's down ~0.5% since - M
Adobe has been one of the more disappointing holdings in my portfolio. Despite slower growth and increasing competition from AI-powered creative tools, Adobe remains a highly profitable company with a strong subscription business and loyal customer base. The key question is whether its AI strategy can accelerate growth and restore investor confidence. If management executes well and revenue growth improves over the next few years, I believe a recovery to my cost price is still achievable, although it will likely require patience. Let's see.
Trade Showcase: Trade, Show & Earn Rewards! - H
📢 𝗝𝗨𝗦𝗧 𝗜𝗡: NVIDIA Forms Open Secure AI Alliance to Advance AI Safety and Cybersecurity - Reuters - $NVIDIA(NVDA.US) $Adobe(ADBE.US) $CrowdStrike(CRWD.US)
👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:➤ 𝗡𝗩𝗜𝗗𝗜𝗔 launches the 𝗢𝗽𝗲𝗻 𝗦𝗲𝗰𝘂𝗿𝗲 𝗔𝗜 𝗔𝗹𝗹𝗶𝗮𝗻𝗰𝗲 with industry partners.➤ Founding members include 𝗔𝗱𝗼𝗯𝗲, 𝗖𝗿𝗼𝘄𝗱𝗦𝘁𝗿𝗶𝗸𝗲, 𝗛𝘂𝗴𝗴𝗶𝗻𝗴 𝗙𝗮𝗰𝗲, and 𝗗𝗲𝗹𝗹.➤ Alliance will develop and share 𝗔𝗜 𝘀𝗮𝗳𝗲𝘁𝘆 and cybersecurity tools.➤ NVIDIA warns restrictions on 𝗼𝗽𝗲𝗻 𝗔𝗜 could weaken defensive capabilities.➤ Company says excessive limits may concentrate AI power among closed providers.➤ NVIDIA recently backed the 𝗢𝗽𝗲𝗻 𝗪𝗲𝗶𝗴𝗵𝘁𝘀 𝗮𝗻𝗱 𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝗻 𝗔𝗜 𝗟𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽 letter.➤ NVIDIA is contributing 𝗼𝗽𝗲𝗻 𝗺𝗼𝗱𝗲𝗹𝘀, weights, data, and agent research.➤ New 𝗡𝗩𝗜𝗗𝗜𝗔 𝗟𝗮𝗯𝘀 𝗢𝗯𝗷𝗲𝗰𝘁-𝗢𝗿𝗶𝗲𝗻𝘁𝗲𝗱 𝗔𝗴𝗲𝗻𝘁 project is now on GitHub.➤ Framework aims to improve testing, tracking, review, and control of AI agents.👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:➤ Strengthens industry collaboration on securing increasingly autonomous AI systems.➤ Reinforces NVIDIA's growing influence in AI software and safety infrastructure.➤ Supports broader adoption of open-weight AI with enhanced security practices.➤ Could accelerate standardized AI governance across enterprise ecosystems. - M
Update: It's been 143 days since Michael Burry publicly went long on Adobe $Adobe(ADBE.US)
It's down ~17% since - S
Sold some slices of $Adobe(ADBE.US) $MSFU and a few others. Taking some risk off the table and putting great profits in my pocket...yet letting some work. Win-win for my style.
Source: Sunrise Trader
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#Trade Showcase: Trade, Show & Earn Rewards
Adobe (ADBE) saw a 2.04% drop today, with the current price at $216.010 against my entry cost of $222.727. The decline stems from broad valuation compression across creative software SaaS stocks, as investors grow cautious about near-term ROI of Adobe’s generative AI product rollouts despite its dominant market position in design and editing tools.
This trade teaches me that even industry-leading SaaS firms face price pullbacks when the market re-evaluates growth expectations. Superior product moats cannot fully insulate stocks from sector-wide risk-off sentiment in short trading cycles.
For risk management, I cap Adobe’s portfolio weight below 7% to limit software sector concentration risk. I will avoid blind cost averaging for now; instead, I will monitor subscriber retention and Firefly AI revenue contribution from quarterly earnings, and adjust position sizing only when fundamental performance confirms sustained growth. A fixed stop-loss is also set to contain further downside if bearish momentum continues.$Adobe(ADBE.US)
Trade Showcase: Trade, Show & Earn Rewards! - H
🚨 Pre-market buzz!
$Utz Brands(UTZ.US) $Nebius(NBIS.US) $3M(MMM.US) $Mobileye Global(MBLY.US) $Vicor(VICR.US) $NOVARTIS AG(NVS.US) $One Stop(OSS.US) $Taiwan Semiconductor(TSM.US) $Redwire(RDW.US) $Crown(CCK.US) $Kratos Defense & Security(KTOS.US) $General Motors(GM.US) $Northrop Grumman(NOC.US) $Charles Schwab(SCHW.US) $Halliburton(HAL.US) $Salesforce(CRM.US) $Adobe(ADBE.US) $Magnolia Oil & Gas(MGY.US) $MSCI(MSCI.US) $Equifax(EFX.US) $Agios Pharmac(AGIO.US) - S
$Adobe(ADBE.US) clearing the 50ma daily and the recent highs. Moved one of my many stops higher. If holds over 50ma will move all stops at days end.
Source: Sunrise Trader
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reason markets are struggling right now...
- trump putting a new 20% "cargo tariff" means prices could go up, meaning inflation goes up, meaning more potential for rate hikes- iran is proxy targeting refineries against middle eastern allies including bahrain and kuwait, not good for oil prices or general escalation- kospi got wrecked last night -9% which is hurting the $SK Hynix(SKHY.US) SK Hynix along with the memory names in the US and if the memory names get hurt, the rest of the semis follow the good thing is, software names $IGV $Palantir Tech(PLTR.US) $Shopify (SHOP.US) $Reddit(RDDT.US) $Salesforce(CRM.US) $ServiceNow(NOW.US) $Adobe(ADBE.US) $Figma(FIG.US) $Zeta Global(ZETA.US) are getting some of the rotation so the broader breadth of the market is widening outhigh-beta names in July have just not done well and it feels like this July is becoming very similar to the past 5 years, which is really just creating a month of consolidation for the most momentum driven namesSource: amit
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$Adobe(ADBE.US) and $Cboe Global Markets(CBOE.US) put in tight stops for a small slice. Both showing hesitation on daily. Basing some pullback likely needed. I still own full on both for now
Source: Sunrise Trader
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$Adobe(ADBE.US) updated chart watching 230-231 area for next level higher if price wants it. No green to red now on all stops and not enough cushion just yet for let it rides.
Source: Sunrise Trader
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$Adobe(ADBE.US) | BofA Securities 𝐢𝐧𝐢𝐭𝐢𝐚𝐭𝐞𝐬 on 𝐀𝐝𝐨𝐛𝐞 with 𝐔𝐧𝐝𝐞𝐫𝐩𝐞𝐫𝐟𝐨𝐫𝐦, sets 𝐏𝐓 𝐚𝐭 $𝟏𝟗𝟎
Analyst flags rising risks to Adobe's growth from generative AI, which lowers content creation barriers and increases low-cost competition. - S
$Adobe(ADBE.US) a rung of the ladder sold today for good %. I still own swing trade shares.
Source: Sunrise Trader
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⚡ 𝐔𝐏𝐃𝐀𝐓𝐄: $Amazon(AMZN.US) Amazon Prime Day Online Spending Tops Adobe Estimate at $26.4 Billion - Bloomberg
US online spending across all retailers reached $26.4 billion during - S
$Adobe(ADBE.US) what I see in the daily and why I took the trade. Key word = trade. Been in a long down trend and down over 43% in the last 6 months. Bounce for now and will be quick to move up stops to no green to red. First up is the 10ema and then the overhead gap. Won't be easy. Picking up some fast cash ok with me. Trade your own plan, style and time frame.
Source: Sunrise Trader
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📢 𝐉𝐔𝐒𝐓 𝐈𝐍: $Adobe(ADBE.US) Adobe Agrees to Acquire AI Imaging Company Topaz Labs
👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:➤ 𝐀𝐝𝐨𝐛𝐞 signed a definitive agreement to acquire 𝐓𝐨𝐩𝐚𝐳 𝐋𝐚𝐛𝐬.➤ Topaz Labs develops 𝐀𝐈-powered video and image enhancement technologies.➤ Its tools support upscaling, sharpening, denoising, stabilization, frame interpolation and restoration.➤ Topaz Labs serves 𝐦𝐢𝐥𝐥𝐢𝐨𝐧𝐬 𝐨𝐟 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬, including 𝟐𝟎 of the world's 𝟓𝟎 largest companies.➤ The company's video technology has received an 𝐄𝐦𝐦𝐲 𝐀𝐰𝐚𝐫𝐝.➤ Adobe will integrate Topaz AI models into 𝐅𝐢𝐫𝐞𝐟𝐥𝐲, Photoshop, Lightroom and Premiere.➤ Topaz Labs' 𝐍𝐞𝐮𝐫𝐨𝐬𝐭𝐫𝐞𝐚𝐦 enables large AI models to run locally on consumer devices.➤ Topaz Labs products will continue as 𝐬𝐭𝐚𝐧𝐝𝐚𝐥𝐨𝐧𝐞 offerings after the acquisition.➤ Financial terms were 𝐧𝐨𝐭 𝐝𝐢𝐬𝐜𝐥𝐨𝐬𝐞𝐝; closing is expected in 𝐇𝟐 𝟐𝟎𝟐𝟔.👉 𝐖𝐡𝐲 𝐈𝐭 𝐌𝐚𝐭𝐭𝐞𝐫𝐬:➤ Acquisition expands Adobe's 𝐀𝐈-powered creative software capabilities.➤ Local AI processing could improve 𝐬𝐩𝐞𝐞𝐝, privacy and workflow efficiency.➤ Deal strengthens Adobe's competitive position in the 𝐀𝐈 𝐜𝐫𝐞𝐚𝐭𝐢𝐯𝐞 software market.👉 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭:➤ "Creators are creating more content by mixing captured and generated images and video, and with Topaz Labs we will give every creator the quality and control to easily produce that content at higher quality and resolution." — 𝐃𝐚𝐯𝐢𝐝 𝐖𝐚𝐝𝐡𝐰𝐚𝐧𝐢, President of Adobe's Creativity and Productivity Business.➤ "Building technology to make images and videos look their absolute best has been our life's work for more than twenty years." — 𝐄𝐫𝐢𝐜 𝐘𝐚𝐧𝐠, CEO of Topaz Labs.