Caterpillar: The Unlikely AI Beneficiary
Update: 2025-10-02
Description
Caterpillar stock is surging to record highs as investors bet on the company's unexpected role in the AI boom. Demand for power-generating turbines and mining equipment, essential for data centers and copper production, is driving growth, overshadowing its traditional construction equipment business. Despite a near $40 billion backlog and analyst upgrades, questions remain about the true impact of AI on Caterpillar's power generation division and whether its high valuation is sustainable. Is this old-school industrial giant the next big AI play?
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