Caterpillar Inc. is valued at $270 billion, manufacturing construction and mining equipment, engines, turbines, and locomotives globally. The company is poised to benefit from the AI trend, with its power division thriving due to the demand for generators in data centers. Caterpillar is investing $725 million to expand turbine engine production in Indiana, anticipating a 5-7% annual sales growth through 2030. Analysts forecast revenue to rise from $66.24 billion in 2025 to $80 billion in 2029, with earnings per share projected to increase from $18.65 to $43.10. The average price target for CAT stock is $604.24, with a “Strong Buy” rating from analysts.

Read more at Barchart: AI Is Transforming This Once-Boring Blue-Chip Stock. Is It a Buy for 2026?