Is This Industrial Giant Actually an AI Play?
(NYSE: CAT) is an iconic industrial company known for its yellow construction equipment. But as artificial intelligence (AI) spreads rapidly, you need to think about Caterpillar in a broader way. Here's how this industrial giant is adapting and evolving to support the AI revolution.
Caterpillar is historically known for making construction equipment, like backhoes and dump trucks. The industrial company's giant earth-moving machinery is used to build the world around us, from roads to buildings. The business is somewhat cyclical, as construction tends to ebb and flow with economic activity. However, some positive, big-picture trends are taking shape.
Image source: Getty Images.
Source Fool.com
Caterpillar Inc. Stock
€923.40
-0.880%
Currently there is a rather positive sentiment for Caterpillar Inc. with 61 Buy predictions and 5 Sell predictions.
With a current price of 923.4 € Caterpillar Inc. is right around the predicted target price of 926 €.
