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Michael Burry and Bill Ackman are buying beaten-down S&P Global and Adobe, arguing AI fears are misplaced.
svmuu.com13/08/2026 13:10
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Ackman disclosed he bought S&P Global (SPGI), which is down over 20% from its 2025 high, believing market fears that AI will commoditize financial data are aimed at the wrong part of the company. Burry bought Adobe (ADBE), trading under 11 times forward earnings versus a five-year average near 27 times, believing the market is wrongly expecting AI to kill Adobe's business.
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