Reported about 20 hours ago
Caterpillar Inc. is experiencing substantial growth driven by its power generators and turbines, as demand for AI infrastructure surges globally. The company reported a 31% increase in sales for these products in its latest quarter, outpacing traditional equipment sales. This shift is reflected in the rise of related companies, such as ProPetro and Halliburton, which are pivoting towards supplying power to data centers. With its Energy & Transportation unit now accounting for a significant portion of revenue, Caterpillar illustrates the broader economic trends influenced by the AI boom.
Source: YAHOO