Michael Burry shorts Caterpillar for first time after AI-fueled 86% rally
Michael Burry said Tuesday he has placed a bearish wager against Caterpillar , believing the construction-equipment maker has become one of the market’s most overvalued beneficiaries of the artificial intelligence investment boom. The famed investor said he shorted Caterpillar shares at $1,060.98, alongside new bearish positions in Nvidia , Applied …