Caterpillar Inc (CAT)

[DewDiligence]

Yet another writeup that CAT—>AI play:

https://finance.yahoo.com/news/caterpillar-emerges-unlikely-ai-winner-110000713.html

The hunt for winners in the artificial intelligence gold rush has landed on an unlikely target: old-line industrial equipment maker Caterpillar Inc.

The iconic American company...closed September at an all-time high as investors bet AI’s nearly insatiable demand for electricity will fuel orders for one of Caterpillar’s lesser-known products — power-generation turbines.

… It’s not just Caterpillar’s turbines that are in demand thanks to AI. The company sells equipment used to mine the copper that’s needed for data centers… while the firms putting up the buildings themselves will need more of Caterpillar’s construction equipment.

… Bank of America cited Caterpillar’s data-center applications last week when it boosted the price target on the stock to $517 from $495…