Caterpillar's AI Bet: Doubling Engine Production
Update: 2026-01-01
Description
Caterpillar, a heavyweight in construction equipment, is making a significant investment in AI, expanding its Lafayette plant and doubling turbine engine production by 2030. This strategic move aligns with the surging demand for AI data centers, which are projected to triple their electricity demand by 2035. Caterpillar, covering the entire power chain from drilling to generators, has secured substantial deals and backlogs. Analysts predict a revenue surge from $66.24 billion in 2025 to $80 billion by 2029, with earnings per share potentially jumping from $18.65 to $43.10. The stock could rise by 50% if it reaches a 20 times multiple, all while increasing dividends and returning cash to shareholders in the trillion-dollar AI infrastructure boom. Checkout Solipillow.com
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