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

AI Summary

Michael Burry revealed he is shorting Caterpillar stock for the first time following its rapid price increase driven by AI-related market enthusiasm in 2026. Previously successful holding it long term, Burry's shift reflects concerns amid the volatility in this tech-fueled rally.

"Caterpillar jumped out at me," Burry said. "I have never shorted Caterpillar. It has always done great for me on the long side in the past."