Caterpillar (CAT) Stock: Why This Data Center Deal Has Wall Street Buzzing

TLDR Caterpillar locked in a 2 GW power generator deal with Monarch Compute Campus targeting AI data center infrastructure demand Q4 earnings crushed forecasts with $5.16 EPS versus $4.67 expected and revenue of $19.13 billion beating $17.81 billion estimates Shares rallied 4.7% to $688.23 as Citigroup lifted price target from $710 to $760 maintaining buy [...]

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