Caterpillar Is Quietly Becoming an AI Stock. Here’s the Segment Growing 72% That Proves It.
When most people think of Caterpillar (NYSE: CAT), they think of the iconic yellow tractors, harvesters, and other farm equipment that have powered American agriculture for over a century. And of course, the company is also known for its construction equipment, including backhoes, bulldozers, and excavators (also yellow), among many other types of heavy equipment.
But recently, a new narrative has emerged about Caterpillar: It’s an artificial intelligence (AI) stock, and one that investors optimistic about the AI revolution should absolutely consider, as a way to diversify away from core AI stocks like Nvidia, Alphabet, and Micron Technology, but still benefit from the massive AI infrastructure build-out now taking place.
How do I know this? Well, just look at the company’s most recent quarterly results.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.