Caterpillar shares surged past the $1,000 threshold on Monday following news of a massive power project with Chevron and Microsoft.
Caterpillar hit $1,015.92 on Project Kilby: Chevron–Microsoft's 2.67 GW West Texas power deal for AI, delivery 2028. For IT leaders, power is critical AI infrastructure; Caterpillar's Solar Turbines becomes essential to enterprise stack decisions.
Caterpillar Inc.
(NYSE:CAT) shares surged Monday morning, breaking past the $1,000 threshold to set a new all-time 52-week high of $1,015.92.
The stock movement follows an announcement that Caterpillar is participating in Project Kilby.
Chevron Corp.'s (NYSE:CVX) subsidiary, Energy Forge One LLC, signed a 20-year power purchase agreement with Microsoft Corp.
(NASDAQ:MSFT) to develop a co-located power facility in West Texas.
Caterpillar on Track for Record High Close — Data Talk
Chevron Emerges As AI Power Play. 2 Key Suppliers Are Popping.
Dow Jones Top Company Headlines at 11 AM ET: Chevron Strikes Power Deal With Microsoft for West Texas AI Data Center | AbbVie ...
Dow Jones Top Company Headlines at 1 PM ET: Chevron Strikes Power Deal With Microsoft for West Texas AI Data Center | AbbVie ...
Dow Jones Top Company Headlines at 9 AM ET: Chevron Strikes Power Deal With Microsoft for West Texas AI Data Center | AbbVie ...
Caterpillar Inc. (CAT) is currently at $1014.57, up $28.75 or 2.92%
CAT stock led Dow Jones Industrial Average winners after the construction machinery and data-center power play hiked its dividend.
Caterpillar stock is above its 50-day moving average on Wednesday after tight weekly closes. Shares have an entry at 931.35.
With Caterpillar stock up 100% in a year, investors have found a new AI darling in the Dow’s top performer.
Caterpillar's has surged 117% over the past 12 months and is up 34% this year alone.
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