Caterpillar Stock Hits Record High Fueled by AI Data Center Demand
Caterpillar Inc. shares surged to an all-time high after surpassing earnings expectations, with revenue climbing 9.5% to $17.64 billion. The construction equipment giant's performance was buoyed by unprecedented demand for power-generation equipment tied to artificial intelligence data centers.
The Energy and Transportation segment led growth with a 17% sales jump to $8.4 billion, while power generation sales alone skyrocketed 31%. This unexpected demand driver offset tariff impacts and positioned Caterpillar as one of the year's top-performing industrial stocks.
Market analysts note the company's evolving role in supporting digital infrastructure, with AI-related power needs creating new revenue streams beyond traditional construction and mining applications.
