construction equipment

Caterpillar poised to benefit from reshoring, AI data centers, and power infrastructure demand in 2026, but elevated 37x P/E valuation raises caution for value investors.

Caterpillar emerges as unexpected AI infrastructure play via data center construction, surging electricity demand (200% jump expected), and manufacturing reshoring—though valuation reflects investor awareness.

CNH Industrial beat Q4 revenue expectations but slashed 2026 earnings guidance to 35-45 cents per share amid weak agricultural demand and low crop prices.