Caterpillar Inc.’s shares fall from a record high as investor Michael Burry, known for high-profile short positions before the 2008 crisis, says he is shorting the industrial company for the first time. Bloomberg and other outlets report that Burry’s comments come after Caterpillar has performed strongly during an AI-driven market rally that has lifted the stock to near-double-digit gains over the period discussed by the reports. CNBC adds that Burry frames the move as a new position, saying he has never shorted Caterpillar before and that the stock has previously done well for him on a long basis. The Financial Post similarly notes that the stock slides Wednesday following Burry’s announcement. Taken together, the coverage centers on Burry initiating a short position in Caterpillar and the immediate market reaction, with no consensus in the reports on specific fundamental reasons beyond his decision to short the stock at this time.