Michael Burry just shorted Caterpillar’s 172% AI rally. One analyst says his bet won’t even matter
- Posted on July 2, 2026
- By Fortune
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- 1 min read
Michael Burry just shorted Caterpillar’s 172% AI rally. One analyst says his bet won’t even matter
The Big Short investor calls Caterpillar one of the market's most overvalued AI trades—but an analyst argues the rally reflects a real structural shift in data-center power demand, not hype.