Michael Burry Shorts Caterpillar After Nearly 100% AI-Driven Rally Surge

CAT•2026-07-01

Michael Burry opened a short position in Caterpillar after its shares nearly doubled during the 2026 AI-driven rally. This marks the first time Burry has bet against a company he previously declined to short, signaling his concerns about valuation following rapid gains.

1. Burry Initiates First Short Against Caterpillar

Michael Burry, known for contrarian bets, has established a short position in Caterpillar after its stock almost doubled during a broad AI-led rally in 2026. This represents Burry’s first-ever short against Caterpillar, reflecting his view that the recent surge has pushed valuation beyond sustainable levels and may lead to a correction.

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Michael Burry Shorts Caterpillar After Nearly 100% AI-Driven Rally Surge

1. Burry Initiates First Short Against Caterpillar

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Michael Burry says he's shorting Caterpillar for the first time after it nearly doubled in the AI-driven rally of 2026