Caterpillar Will Remain an Important AI Stock for a Long Time
Caterpillar's power generators have become a major catalyst for the AI boom.
Overview
The emergence of Caterpillar (NYSE: CAT) as an AI stock caught many investors by surprise. Although Caterpillar doesn't produce exciting chips that enable AI models, humanoid robots, or other innovations, it supplies the necessary energy components.
Caterpillar's power generators provide data centers with a backup energy source in the event of grid or utility downtime. This role has helped Caterpillar outperform the S&P 500, and it suggests that recent gains are just the beginning.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.