“Big Short” investor Michael Burry has placed a bearish bet on Caterpillar Inc. (NYSE:CAT), the heavy-machinery giant, which continues to benefit from the AI infrastructure buildout. However, some on Wall Street believe the bearish wager is misplaced.
Sergey Glinyanov, a senior analyst at Freedom Broker, told Fortune on Thursday that Caterpillar’s rally reflects a fundamental shift in infrastructure spending rather than AI hype, with growing investment in on-site power systems for AI data centers.
