Here’s Why Caterpillar’s Stock Is Benefiting From the AI Boom

Caterpillar is driving the Dow Jones Industrial Average so far this year. Here's why. Caterpillar still makes the tractors and construction equipment it's known for, but it's become a hot artificial intelligence play because of its business selling gas and diesel engines.It is also the best performing stock in the DAO index so far this year, up 32% since year end. When compared with other performers in the Dow, Caterpillar takes the lead. AI data centers need engines for power.The company's energy and power ...