Reported 1 day ago
America's industrial giants, including Caterpillar and Honeywell, are experiencing significant growth driven by the ongoing AI build-out, which is still in its early stages. Caterpillar reported a major sales increase in its power generation machinery, fueled by strong demand for energy solutions from AI data centers. Other industrial sectors, including energy, are also benefiting as companies seek to enhance their power infrastructure. Analysts indicate a positive outlook for the future as the demand for power generation in relation to AI technology continues to rise.
Source: YAHOO