Michael Burry’s Short Call Dents Caterpillar’s AI-Fueled Rally

Caterpillar Inc. stock fell Wednesday after Michael Burry announced he had shorted the company. Burry, known for betting against the housing market before the 2008 financial crisis, disclosed the position on social media. The stock had reached a record high earlier in the day before declining following the announcement. Caterpillar is an equipment and machinery manufacturer.

Next story