Well-known investor Michael Burry, the prototype of the movie “The Big Short,” reiterated his bullish stance on Veeva Systems, but at the same time stated that he had reduced his holdings after the recent sharp rise in the stock. Additionally, Burry criticized Snowflake for being overvalued. Bury disclosed its Veeva position in April of this year as part of a rebound strategy in the software sector, and further increased its position in May. At the time, it was claimed that “Veeva is still cheap.” He recently reduced his holdings after the stock price quickly climbed near the key resistance level.

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