Michael Burry shorts Caterpillar for the first time after its stock nearly doubled in 2026

Investor Michael Burry has shorted Caterpillar for the first time, after the company's stock nearly doubled during the AI-driven market rally of 2026. Burry said the stock "jumped out at me" as a short opportunity, noting it had always performed well for him on the long side in the past. The move signals his belief that Caterpillar is now overvalued.