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Caterpillar (NYSE: CAT) could easily be described as the least likely winner of the artificial intelligence (AI) boom.
Caterpillar's energy division is now its fastest-growing segment due to AI-driven demand.
KEY POINTS
- Elon Musk’s xAI powers its data centers using Caterpillar diesel generators.
- CAT shares have rallied 177.65% year-over-year, now trading at $808.67.
- Technical analysis rates CAT as 'Strong Buy' via moving averages, but oscillators remain 'Neutral'.
- Wall Street does not expect CAT to surpass $1,000 per share within the next 12 months.
COMPANIES
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