Caterpillar Stock Hits Record High Amid AI-Driven Demand for Construction Equipment
Caterpillar shares surged to a historic close above $665, marking a 3.4% gain after outperforming Q4 estimates. The rally reflects a 16% January spike and 75% annual growth, cementing its status as the Dow's top performer.
Data center construction for AI infrastructure has fueled equipment demand, offsetting tariff-related margin pressures. Adjusted earnings reached $5.16 per share on $19.1 billion revenue—an 18% yearly increase—demonstrating AI's cross-sector market influence beyond technology stocks.