Caterpillar's stock has risen 118.16% over the past year, driven by a surge in data center capital spending, record backlog, and margin expansion. The company reported a historic Q2 with $20.54 billion revenue, 24% growth year-over-year, and a backlog up 92%. Management raised full-year revenue guidance, supported by strong demand in power generation and construction sectors. Analysts see potential for further gains, with a price target of $1,026.19, but note risks from tariffs and regional demand softness.
Shares of companies involved in behind-the-meter power for AI infrastructure, including FTAI Aviation, GE Vernova, and Caterpillar, fell 5-6% due to market worries about the scale of AI-related capital commitments by major tech firms. A Wall Street J...
Caterpillar Inc. has committed up to $3 million in Arkansas as part of its $100 million Building the Future Workforce Initiative to prepare workers for modern manufacturing and industry technician roles. The investment focuses on making training acce...
Swiss-based Gravis Robotics secured a $200 million Series A funding round led by SoftBank, marking the largest investment in construction robotics history and valuing the company at $1 billion. Gravis develops the Gravis Rack, an AI control kit that ...
Michael Burry, known for his contrarian bets, has increased his short positions on Micron Technology and the Invesco QQQ Trust despite current losses. Micron's stock has surged over 238% this year due to strong demand in the memory chip sector, but B...
