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Caterpillar's Parabolic Rise Continues As AI Boom Supercharges Generator Sales

Caterpillar's Parabolic Rise Continues As AI Boom Supercharges Generator Sales Hyperscalers are deploying as much as $725 billion in capital expenditures this year, primarily on AI data center buildouts, and it comes as no surprise that Caterpillar posted solid first-quarter earnings, as surging on-site power demand has created a boom for the company's power-generation business. CAT is one of the world's biggest makers of machines used to build, mine, dig, haul, and power industrial sites. But what has investors focused on in recent quarters is its energy and power unit, which...
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