Economic currents have turned in Caterpillar's favor as it evolves into an artificial-intelligence play both as a user and supplier. The stock is near new highs.

Data center supplier's backlog more than doubled due to cooling demand.

Dow Jones industrials AI giant Caterpillar and Nvidia chipmaker TSMC are in or near buy zones as the broader stock market rally continues.

Economic currents have turned in Caterpillar's favor as it evolves into an artificial-intelligence play both as a user and supplier. The stock is near new highs.