America’s biggest investor, Michael Burry who is known for predicting the 2008 housing crash and expanded his bearish wagers against the AI stock rally. According to a report by the Wall Street Journal, Burry’s latest positions include shorts on Tesla, Caterpillar, Applied Materials, and an ETF tracking semiconductor makers (SOXX).

"Caterpillar jumped out at me," Burry said. "I have never shorted Caterpillar. It has always done great for me on the long side in the past."

Michael Burry has shorted Caterpillar for the first time ever, expanding his bearish bets against AI-linked stocks as the rally draws dot-com bubble