Shares of GameStop rise more than 5% after investor Michael Burry says he has begun buying the company’s stock. Burry discloses the position in a blog post, confirming renewed interest in the videogame retailer among high-profile investors.
Burry, who gained prominence for betting against the U.S. housing market ahead of the financial crisis, says he is attracted to GameStop’s management, corporate structure, and long-term strategy. He adds that he is prepared to hold the shares for an extended period and monitor the company’s progress.
Following the disclosure, GameStop shares surge more than 8% during New York trading, reaching their highest level since October 2025. The move highlights the continued sensitivity of the stock to commentary from influential market participants.