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Thursday, 7/2, 09:45 PM
Michael Burry Shorts Caterpillar, Betting the AI Boom Has Gone Too Far
- Michael Burry, the investor made famous by 'The Big Short,' says he has bet against Caterpillar after a 172% run-up in its shares driven by demand for data-center power equipment.
- He calls it part of an 'AI bubble'; one analyst counters that the rally reflects real, structural demand.