Is This Industrial Giant Actually an AI Play?
(NYSE: CAT) is an iconic industrial company known for its yellow construction equipment. But as artificial intelligence (AI) spreads rapidly, you need to think about Caterpillar in a broader way. Here's how this industrial giant is adapting and evolving to support the AI revolution.
Caterpillar is historically known for making construction equipment, like backhoes and dump trucks. The industrial company's giant earth-moving machinery is used to build the world around us, from roads to buildings. The business is somewhat cyclical, as construction tends to ebb and flow with economic activity. However, some positive, big-picture trends are taking shape.
Image source: Getty Images.
Source Fool.com
Caterpillar Inc. Stock
€656.40
0.550%
Our community is currently high on Caterpillar Inc. with 53 Buy predictions and 5 Sell predictions.
However, we have a potential of -1.28% for Caterpillar Inc. as the target price of 648 € is below the current price of 656.4 €.
