Breaking

Burry Widens AI Short Bets to Tesla, Caterpillar and Others

July 1, 2026 at 15:22 EDT

Infra & Chips
Finance

Prominent investor Michael Burry disclosed new short positions on June 30, 2026, in his newsletter, expanding his bearish bets against AI and semiconductor names including Tesla, Caterpillar, Nvidia and Applied Materials.

July 1, 2026 · Cassandra Unchained

Michael Burry Shorts the Entire AI Supply Chain

The investor behind The Big Short opened new bearish bets on June 30 against chips, power infrastructure and EVs — calling the AI rally the "beginning of the end."

new short positions across the AI chain

$200M+

prior bearish options vs NVIDIA & Palantir (Nov 2025)

-10%

Applied Materials intraday drop after reports

The five new shorts (entry prices, June 30)

Position sizes and shares-vs-options undisclosed.

$1,061

CAT
Caterpillar

$729

AMAT
App. Materials

$643

SOXX
Chip ETF

$416

TSLA
Tesla

$198

NVDA
NVIDIA

The standout target · Caterpillar

A construction-equipment maker re-rated as an "accidental AI play" — riding demand for data-center power and electrical infrastructure.

+71%

Backlog YoY — over $51B in Q1 2026

+160%

AI-driven share rally over the past year

First

short Burry has ever placed on CAT

Burry's thesis — "beginning of the end"

AI CapEx is peaking
Valuations across the chain are overstretched
A market-view statement, not a single-name bet

The skeptics push back

Undisclosed sizes limit real impact
His 2008 call was right — but this may be too early
CAT fundamentals still strengthening

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