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Caterpillar Soars as Data Centers Lift Power Equipment Sales
Posted
October 29, 2025
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3:50Now PlayingCaterpillar Inc. shares soared the most in 16 years after the company posted stronger-than-expected earnings and revenue on the back of surging demand from AI data centers for its power-generation equipment.
The US company topped Wall Street’s expectations in the third quarter after posting a 17% jump in revenue from its energy and transportation division from the year-earlier period. That outpaced sales growth in its more traditional divisions that supply mining and construction industries with heavy-duty machinery. Bloomberg's Chris Ciolino reports.
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