The Rising Influence of Rising Affluence

[DewDiligence]

CAT is an AI play, says Barron’s:

https://www.barrons.com/articles/3-stocks-to-benefit-from-the-ai-datacenter-power-boom-7c07b498

Artificial-intelligence data centers will use much more electricity than their traditional counterparts, driving upgrades to electric-power infrastructure in a shift that offers opportunities for investors, according to Bernstein [analyst, Chad Dillard].

…Dillard said he expects Caterpillar and Cummins, which [make] both engines and power-generation equipment, to benefit as well. Each could pull in incremental revenue of more than $5 billion through 2030 as electric-power capacity is expanded.

I previously posted that CAT’s mining-equipment business is a beneficiary of the transition to EVs (#msg-172040699), so CAT has a couple of “thematic” growth drivers in place.