JD.com (JD) Earnings A Test For Michael Burry’s Bull Thesis

JD.com Inc. (NASDAQ:JD) is one of the 9 Stocks Big Short’s Michael Burry Is Betting On. On May 5, an SPDB analyst set a target price of HK$135 on JD.com Inc. (NASDAQ:JD) and maintained a Buy rating on the stock. This reflects a 14.5% upside from here on. Michael Burry usually backs stocks for much more upside than what the analyst suggests, and he often goes big. That is exactly what he is doing with JD, as he reported on April 10:

“I bought shares in JD.com and Alibaba today. JD is a significant add, and Alibaba is a new position, a little over 6%. JD is a bit more than that.”

JD.com Inc. (NASDAQ:JD) is one of the 9 Stocks Big Short’s Michael Burry Is Betting On.

Burry has called the recent price action an attractive entry point, but the upcoming earnings on May 12 could completely change that if things go wrong. The company is expected to report an equivalent of $519 million in net profit during the quarter. The revenue is expected to be around $45.6 billion. Analysts expect the company to continue narrowing its losses in the food-delivery business, which should further strengthen the bottom line.

JD.com Inc. (NASDAQ:JD) is an internet retail and supply chain-based technology company. It also acts as a service provider and has three segments: JD Retail, JD Logistics, and New Businesses. It is headquartered in Beijing, China.

While we acknowledge the risk and potential of JD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than JD and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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