On June 26, Blue chip Tech giant Microsoft (Nasdaq: MSFT) received a sudden buy signal in the form of a legendary short merchant, Michael Burrymade by A Long bet on stock.
Specifically, the “large short” investor revealed that he made a bullish bet on MSFT by purchasing a LEAP call in December 2028. Options Which has a strike price in the low $700 range.
According to Puri, Microsoft stock became attractive at around $350, but he decided to buy Derivatives Due to it being relatively cheap.
Meanwhile, MSFT shares reacted immediately to the purchase from one of Wall Street’s best-known investors.
Indeed, Microsoft stock opened up 4.09% on Friday, June 26, erasing most of the losses it incurred since Wednesday. However, the tech giant’s stock is still more than 11% in the red month to date, and an even riskier 22% year-to-date.
Michael Burry’s portfolio performance in 2026
Elsewhere, despite the reputation Perry has gained for trading before… The Great Recessionhis recent record has been more mixed.
For example, the long position of the legendary investor in… Lululemon Athletica (Nasdaq: Lulu) It stays in redAnd his bearish bet is against the semiconductor giant Nvidia (Nasdaq: NVDA) had been teetering on the knife’s edge for weeks.
Bet against Palantir (Nasdaq: Belter) – a bet that he revealed was partially covered at the same time as he revealed the long MSFT trade – on the other hand, It was successfulThe software company fell more than 33% in 2026.
Can Microsoft shares reverse their losses in 2026?
Finally, Michael Burry isn’t the only notable bull at Microsoft. Despite the company’s difficulties in the 2026 market, Wall Street remained generally optimistic about its future.
Overall, MSFT stock is a “strong buy” with a projected 51.88% upside to $562.10 in the next 12 months, according to Data Feinold was retrieved from TipRanks On June 26th.
Moreover, despite the volatility sweeping the markets since the beginning of the month, Brad Redback of Stifel Nicolaus is the only Wall Street expert to issue a “hold” recommendation for stocks in recent weeks. Furthermore, even the discounted price target pegged at $400 estimates that MSFT will rise from its press time price of $367.26 in the next 52 weeks.
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