Caterpillar Is Trading Richer Than Nvidia—And It's Selling Bulldozers
Wall Street’s AI boom has produced some eye-popping winners over the past two years, but one of its most surprising may not be a chipmaker at all. It is Caterpillar Inc. (NYSE: CAT ). Known for its bulldozers, excavators and heavy construction equipment, Caterpillar now trades at a richer earnings valuation than Nvidia