CAT stock rises 9% on earnings beat, revenue forecast as AI demand boosts power unit
Caterpillar (CAT) shares climbed more than 9% in premarket trading on Tuesday after the construction and mining equipment maker raised its full-year revenue forecast, and beat second-quarter earnings estimates as its power segment continues to benefit from rising data center spending. The company now expects full-year revenue to grow in the mid-to-high teens percentage range,
