NYSE:CATMachinery
Is AI-Fueled Data Center Engine Demand Altering The Investment Case For Caterpillar (CAT)?
Caterpillar recently delivered a strong quarter, with revenue rising 9.5% year on year and earnings surpassing analyst expectations as demand held firm across its core segments.
An important development is the rapid growth of its power and energy unit, where AI-driven data center projects are prompting a US$725 million capacity expansion at its Lafayette, Indiana engine plant.
Now we’ll explore how the accelerating AI-driven power demand highlighted in this news shapes Caterpillar’s broader...