NYSE:CATMachinery
Caterpillar (CAT) Is Down 6.8% After Record AI Data Center Power Backlog - Has The Bull Case Changed?
Caterpillar recently reported a record US$63.00 billion order backlog, with its Power Generation division delivering very large year-over-year revenue growth and strong earnings, supported by accelerating demand from AI and cloud data center customers.
This surge in data center-driven orders highlights Caterpillar’s evolving role as a key supplier of power infrastructure for physical AI buildouts, while ongoing share buybacks and tariff cost management shape its financial profile.
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