Pivotal Point Tracking Caterpillar (CAT): AI Boom Drives Revenue for Power Generators Up by 31%!

The world’s largest manufacturer of construction and mining equipment as well as diesel and gas engines reported third-quarter revenue of $17.6 billion - an increase of 10% compared to the previous year. Notably, the adjusted earnings per share of $4.95 significantly surpassed the forecast of $4.55. This significant jump in profit sparked investor interest, leading to an 11% rise in the stock on October 29. Caterpillar's strength lies in its diversified portfolio and global presence, allowing it to benefit from infrastructure spending, resource...