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Valued at a market cap of $270 billion, Caterpillar (CAT) manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally.
Founded in 1925, Caterpillar has spent decades building its reputation on bulldozers and excavators. Today, the industrial giant is well positioned to benefit from the artificial intelligence (AI) megatrend, with its power and energy division becoming its fastest-growing business unit, driven by surging demand for generators powering AI data centers.
