• CAT is trading 3.8% down at $983.50, aligning with a wider market selloff, despite positive company-specific developments.
  • Major benchmarks are also retreating, with the S&P 500 down 0.4% and the NASDAQ Composite down 1.3%, driven by broad market risk-off sentiment.
  • Caterpillar is experiencing strong demand for its power equipment from the booming AI infrastructure market, and analysts are bullish on its long-term outlook.