Caterpillar Stock Rises on AI Strategy and Infrastructure Investment

Shares of Caterpillar Inc. advanced in regular trading today following concrete announcements regarding its strategic focus on industrial artificial intelligence and a major capital expenditure program. The stock opened at $616.92 and was trading approximately 3.1% higher by late morning. Market participants are assessing whether the company’s deepened partnership with NVIDIA can provide a durable foundation for future growth.

The industrial manufacturer confirmed plans to significantly expand its collaboration with chipmaker NVIDIA. This will be highlighted in a keynote presentation at the CES trade show tomorrow, January 7, featuring NVIDIA’s Vice President of Robotics and Edge AI, Deepu Talla, alongside Caterpillar’s CEO, Joe Creed. The session is expected to showcase enhanced Read more...