Stocks
Caterpillar Rises on Strong Demand for Computing Facility Power
Caterpillar (NYSE:CAT) has seen its stock price rise due to strong demand for large generators and turbines used in computing facilities.
The company's power and energy work is a major driver of this growth, with the build-out of computing infrastructure requiring substantial and reliable electricity to operate.
Caterpillar's diversified range of equipment includes construction machinery, resource extraction equipment, and energy and transportation segment products that supply power and drive transportation across many applications.