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Burry Shorts Caterpillar Amid AI Overvaluation | Raleigh News
Michael Burry, famed for his contrarian bets, has turned against Caterpillar — a stock he’s long profited from — shorting it at $1,060.98 amid a broader bet against tech giants like Nvidia, Tesla, and the SOXX index. He argues the AI-driven market rally has pushed valuations too high, especially for industrial giants like Caterpillar, trading at a 53x P/E despite strong earnings. Burry sees this as a warning sign of an impending correction, betting that current optimism has inflated prices beyond fundamentals — even as the market cheers AI’s future. Listen in comfort:Get a discount on a Soli…
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