Caterpillar crossed twenty billion dollars in quarterly revenue for the first time as AI infrastructure reached heavy industry. Demand for turbines that power data centers provided an important lift, while construction demand also strengthened. Caterpillar shares climbed five point six percent, helping push the Dow to a record and broadening the AI trade beyond chipmakers.
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Caterpillar clears $20B as AI infrastructure reaches heavy industry
CommoditiesCiaraIndustrials desk · approved prepared presenter