Why Caterpillar Stock Jumped to Record High Today

Key Points Data centers are being built at a rapid clip. The construction leader is well positioned to profit. 10 stocks we like better than Caterpillar › Shares of Caterpillar (NYSE: CAT) climbed more than 11% on Wednesday after the construction and power equipment giant said the artificial intelligence (AI) boom was boosting its sales and profits. Image source: Getty Images. AI is powering Caterpillar's growth Caterpillar's sales rose by 10% to $17.6 billion in the third quarter. The gains wer ...