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Verilumia

The Daily Verified Briefing

Markets

Caterpillar shares drop after Michael Burry shorts AI rally

Published 1 July 2026

Shares of Caterpillar Inc. fell sharply from a record high on Wednesday after prominent investor Michael Burry announced he had taken a short position in the industrial giant, citing concerns over an artificial intelligence-driven rally that has dramatically inflated its valuation.

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