Michael Burry thinks GameStop still has upside as Sony's and Microsoft's upcoming consoles will likely have physical optic drives.
GameStop has been decimated this year, losing about 70% of its value and wiping out around $900 million from the company's market cap.
But Michael Burry tells Barron's GameStop still has upside potential as Sony's and Microsoft's upcoming consoles will likely have physical optic drives.Michael Burry attends the "The Big Short" New York premiere at Ziegfeld Theater on November 23, 2015 in New York City.shares jumped after Barron's reported that investor Michael Burry, one of the main money managers depicted in Michael Lewis' book "The Big Short," is long the stock.
GameStop has been decimated this year, losing about 70% of its value and wiping out around $900 million from the company's market cap. The stock jumped more than 18% on the report.
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