Backlog hits $72b as AI build-out fuels earthmoving demand.
Sponsored by Generate Managed Funds4 Aug, 2026 10:32 PM
Caterpillar’s earnings show how much of the US economy is now being driven by AI infrastructure build-out, Generate KiwiSaver investment specialist Greg Smith says, with demand for data centre construction and earthmoving equipment lifting the company’s numbers sharply. Speaking to Herald NOW Business, Smith said Caterpillar’s order backlog has swelled
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