Investor Michael Burry of “The Big Short” fame has a new short target in his sights: Caterpillar, the heavy-machinery giant that has surged thanks to the AI infrastructure boom.
Burry, the former hedge fund manager who famously predicted the 2008 subprime mortgage crisis and earned hundreds of millions of dollars for his investors in the process, said Caterpillar’s stock is now overvalued after a run-up that has seen its stock soar by more than 100% over the past year.
