Michael Burry Shorts Micron and Caterpillar, Declares AI 'End Is Nigh'
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- Michael Burry announced new short bets against AI stocks, telling investors "the end is nigh" and "beginning of the end" for the AI trade while referencing The Joker (per Seeking Alpha, WSJ).
- Burry's reported targets include memory chip maker Micron and heavy equipment maker Caterpillar, whose stock had rallied 172% on AI momentum before his disclosed short position.
Why it matters: Burry's reputation as the investor who called the 2008 housing collapse gives his AI bearishness outsized influence — his specific targeting of Micron (a memory chip leader central to AI infrastructure) and Caterpillar (an industrial stock that rallied 172% on AI capex narratives) signals he's betting the AI infrastructure trade has overshot fundamentals, not just frothy consumer AI names.
