Caterpillar faces mixed catalysts amid AI capex slowdown, oil gains
A weekly recap says Caterpillar shares fell on slower AI-related data center capex, with potential Power & Energy headwinds, while higher oil and diesel prices are expected to support Resource Industries and Energy & Transportation demand. It also cites near-term rollouts of autonomous landfill and quarry fleets.
Caterpillar Inc. (NYSE:CAT) is facing mixed catalysts as shares fell on slower AI data-center capex and possible Power & Energy headwinds. Higher oil and diesel prices could support demand in Resource Industries and Energy & Transportation, while near-term rollouts of autonomous landfill and quarry fleets were also cited.