Caterpillar Stock Hits Record High as AI Boom Fuels Demand for Power Generators
Caterpillar Inc. shares surged to an all-time high as the industrial giant capitalizes on the artificial intelligence revolution. The company's power generation equipment, critical for data center operations, saw sales jump 31% last quarter—far outpacing growth in its traditional machinery business.
The Energy & Transportation division has become Caterpillar's largest revenue driver, accounting for 40% of total sales. Analysts project the segment could double or triple in value as AI infrastructure expands globally. Constellation Energy and other power providers are witnessing similar tailwinds from data center expansion.