- Wall Street tycoons Michael Burry and Bill Ackman have both made similar big moves recently on the stock market.
- Burry is piling into Adobe (ADBE) stock, which has rallied 19% since July 14 despite falling 23% year-to-date.
- Bill Ackman bought S&P Global (SPGI) stock, which is down 20% from its 2025 high, betting on a rebound to early 2026 levels.
Wall Street tycoons Michael Burry and Bill Ackman have both recently disclosed major bets on Adobe and S&P Global, respectively, betting against the market’s AI fears. Burry earlier this year disclosed that he was piling into Adobe (ADBE) stock, which started the summer disastrously before rallying 19% since July 14. The stock has dropped 23% year-to-date, but analysts see potential upside driven by strong AI growth and recent acquisitions.
However, Burry believes the market is wrongly expecting that AI will kill Adobe’s business. Adobe’s monthly users continue to climb, and its Firefly model is trained on licensed content, so brands like Coca-Cola and Disney can use AI-generated work in real campaigns without copyright risk. Consequently, companies are willing to pay Adobe to avoid legal issues, keeping its value high despite the surge of AI for creators.
Meanwhile, Bill Ackman disclosed in his latest investor letter that he bought S&P Global (SPGI) stock, which is down more than 20% from its 2025 high. Ackman thinks the market threw out a great business over a fear that barely touches it, as S&P Global sells financial data and investors worry AI will commoditize that data. The selling picked up after Anthropic launched its Claude Cowork tool.
Ackman says S&P Global’s three benchmark franchises — Ratings, Indices, and the Platts energy pricing business — produce high margins. None of them is a data-lookup product AI can copy, a fear that similarly hit ADBE. Therefore, Ackman is backing S&P Global stock to rebound back to early 2026 levels.
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