Caterpillar Stock Hit a Record Wednesday—AI Had a Lot To Do With It
David Paul Morris / Bloomberg via Getty Images Caterpillar reported gains in its construction industries sector as well as in its other two units Key Takeaways Caterpillar reported better-than-expected earnings and revenue on strong demand for equipment needed for artificial intelligence data centers. Caterpillar said even though tariff costs were at the high end of its outlook, the impact was offset by higher volumes. Caterpillar (CAT) shares skyrocketed to an all-time high when the big farm and co ...