Stocks
Caterpillar Rides AI-Driven Data Center Demand to New Heights
Caterpillar (NYSE:CAT) has experienced a surge in demand for its power generation equipment, particularly large generator sets and turbines used in data centers.
This shift is driven by the increasing need for reliable electricity to support the growth of artificial intelligence and hyperscale technology companies.
The Power and Energy segment now accounts for nearly half of Caterpillar's sales, rivaling the traditionally dominant Construction Industries segment.