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Why Caterpillar Stock Jumped to Record High Today

The Motley Fool Logo The Motley Fool By Joe Tenebruso
Why Caterpillar Stock Jumped to Record High Today

Caterpillar reported strong Q3 earnings driven by AI data center power generation equipment sales, with 10% revenue growth and a record $39.8 billion order backlog, despite slight margin compression from tariffs.

Insights
CAT   positive

Stock jumped 11.88% due to strong Q3 performance, 33% surge in power-generation revenue from AI data center equipment, record order backlog of $39.8 billion, and beating Wall Street earnings estimates