Caterpillar Stock Surges as Record Revenue Exceeds Estimates

Caterpillar's stock price has surged after the company reported record second-quarter revenue of $20.5 billion, exceeding estimates. The surge in demand for data center construction and AI-driven infrastructure is driving this growth.

The operating margin expanded to 20.9%, with an adjusted margin of 21.9%. This is supported by a record $63 billion order backlog and $2.2 billion returned to shareholders through buybacks and dividends.

CAT/USD shows strong bullish momentum, with an expected trading range of $823.92 to $907.1. There's a 76% probability of further upside, according to the analysis.