Caterpillar Inc. (NYSE: CAT) has experienced a substantial 170% surge in stock value over the past year, driven by increased demand for data center construction. The company reported a 22% rise in revenue for Q1 2025, totaling $17.4 billion, alongside a jump in adjusted profit per share from $4.25 to $5.54 year over year. Caterpillar is poised to capture significant spending from major tech companies like Amazon, Alphabet, and Microsoft, as these firms invest billions into their AI infrastructure.
With a record backlog, Caterpillar is well-positioned to meet the surge in demand for its construction equipment, crucial for building data centers—an essential component of the ongoing AI revolution.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
