Caterpillar Emerges as Unlikely AI Winner on Turbine Demand
A Solar Turbines industrial gas turbine. The hunt for winners in the artificial intelligence gold rush has landed on an unlikely target: old-line industrial equipment maker Caterpillar Inc. The iconic American company, known for its yellow excavators and bulldozers, closed September at an all-time high as investors bet AI’s nearly insatiable demand for electricity will fuel orders for one of Caterpillar’s lesser-known products — power-generation turbines. Most Read from Bloomberg AI initially fueled di ...