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Deep & Emerging Tech·August 4, 2026·1 min read

Caterpillar is killing it, and data-center demand is driving record revenue

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Data centers are now a primary demand driver for heavy equipment—Caterpillar’s biggest earnings beat in five years is being powered by AI buildout, not just construction cycles. If you run large-scale infra, assume longer lead times and higher prices for generators and power gear as hyperscale capex soaks up industrial capacity.