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BullishMEDIUM severityTech & AI26d ago

Caterpillar Trades at 3x Its Historical Multiple — Michael Burry Is Betting Against It

Reported by Yahoo Finance · finance.yahoo.com · July 29, 2026

AI data centers are putting pressure on the US electrical grid in ways that did not seem possible just a few years ago, and that strain is a direct benefit to heavy equipment manufacturers, not just chipmakers. US data center power consumption is expected to increase by 22% in a single year, with total grid […]

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What to watch: This report cites a concrete figure (22%) — compare it against the trailing trend before treating one data point as a turning point.

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22%

Market reaction today: $CAT -2.04%

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