Caterpillar stock above $800 as AI data center power demand fuels record quarter
Caterpillar traded above $800 on October 1, up more than 43% this year, after a record second quarter in which revenue hit $20.5 billion, operating margin jumped to 20.9%, and EPS landed at $7.77 — up 68%. The driver is no longer just construction — it is AI data centers hungry for power.