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Explain this story: Why Caterpillar Stock Is Trading Higher During Friday's Session
Caterpillar Inc. (NYSE: CAT) shares are trading higher on Friday due to increased investor interest in AI infrastructure buildout and a reduced expectation for another Federal Reserve interest-rate hike. The company's Power Generation segment is experiencing rapid growth, driven by demand from data centers and major orders for natural-gas generator sets and turbines. This physical infrastructure cycle is positively impacting Caterpillar's bottom line, with a 17% year-over-year surge in Power & Energy sales in the second quarter.
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Caterpillar Inc. (NYSE: CAT) shares are trading higher on Friday due to increased investor interest in AI infrastructure buildout and a reduced expectation for another Federal Reserve interest-rate hike. The company's Power Generation segment is experiencing rapid growth, driven by demand from data centers and major orders for natural-gas generator sets and turbines. This physical infrastructure cycle is positively impacting Caterpillar's bottom line, with a 17% year-over-year surge in Power & Energy sales in the second quarter.
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