๐ข Dataroma: Burry's First-Ever Caterpillar Short Bets Against the AI Rally BlackRock and Schroders Still Back
Michael Burry disclosed a first-ever short against Caterpillar (up roughly 86% YTD, price-to-sales at its highest in three decades) alongside renewed bets against the SOXX semiconductor ETF, Nvidia and Tesla, framing AI-infrastructure beneficiaries as overextended; that stands in contrast to BlackRock and Schroders, which remain overweight AI-exposed and US large-cap equities despite flagging "froth," while PIMCO's current stance leans toward favoring high-quality fixed income as the Fed holds rates steady.
Why it matters: The divergence between a prominent bearish bet against AI-rally beneficiaries and the still-constructive equity stance held by major asset managers may signal growing disagreement over how much further AI-driven gains can extend, a factor that could inform sector rotation if valuation concerns broaden.
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๐ข Dataroma: Burry's First-Ever Caterpillar Short Bets Against the AI Rally BlackRock and Schroders S
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