Caterpillar Stock Hit a Record Wednesday—AI Had a Lot To Do With It
Update: 2025-10-29
Description
Caterpillar's Q3 results soar, driven by AI data center demand: Stock hits record high as profits and sales surge, with Energy and Transportation unit leading the charge. Despite tariff costs, stronger sales offset headwinds, and shares jump 12% in midday trading. The future looks promising as AI adoption accelerates.
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