Michael Burry just loaded up on these 5 'beaten-down' stocks

Famed investor Michael Burry has reportedly increased positions in five beaten-down stocks—MercadoLibre, Adobe, PayPal, Lululemon and Zoetis—as a hedge against what he calls an AI-driven asset bubble. Citing SEC filings, the piece says Burry is rotating into “old economy” and international names, viewing compressed valuations and defensive, high-margin businesses as attractive entry points. Market impact: his trades spotlight value opportunities and could lend short-term buying interest in these names, but are framed as a strategic hedge rather than a broad market-timing call. The story underscores investor caution around AI-driven flows and highlights potential upside in cyclically ignored, non-AI sectors.