Shares of Caterpillar (CAT) hit a record high above $665 after posting Q4 results that exceeded estimates due to strong demand for construction equipment in building AI data centers. The stock has surged 16% in January and 75% in the past year, making it the Dow Jones Industrial Average’s top performer. Revenue rose 18% to $19.1 billion, with construction industries sales up 15% and power generation revenue soaring 44%. CEO Joe Creed expects data center investments to boost construction spending. Analysts are divided on further stock growth, with ratings split between “buy” and “hold.”

Read more at Yahoo Finance: This Construction Giant’s Stock Led the Dow Over the Past Year. It’s Gotten a Boost From AI