$CAT MICHAEL BURRY SHORTED AT 1060.98 — OVERVALUED AI HYPE 🔥
Entry: 1060.98 🔥
Michael Burry just took a short on Caterpillar at 1060.98, calling it one of the most overvalued beneficiaries of the AI frenzy. He’s also shorting Nvidia, Tesla, and semiconductor ETFs. The stock surged 86% in the first half — but its P/E ratio is at a 30-year high.
Burry compares the current semiconductor index to the 2000 dot-com bubble, with the index 65% above its 200-day moving average. He sees the massive spending announcements as the beginning of the end. Are you paying attention to these red flags?
Not financial advice. Always manage your risk.
#CAT #ShortSetup #Overvalued #AI #Burry ⚡