BUZZ - Caterpillar's stock price falls after an AI-driven rally
路透社2026/10/15 16:11October 15 - ** Dragged down by concerns over artificial intelligence, construction machinery manufacturer Caterpillar (CAT.N)'s share price fell by 2%
** CAT shares have declined for the fourth consecutive trading day, now down nearly one-third from the all-time high reached in late June
** Caterpillar has greatly benefited from the rapid expansion of U.S. data centers, which has boosted demand for its power generation equipment, backup power, and construction machinery
** Brian Langenberg, founder of industrial research firm Langenberg & Co, stated that after quantum computing and artificial intelligence-related stocks faced selling pressure, Caterpillar's shares also came under pressure
** Morgan Stanley analyst Angel Castillo pointed out that Caterpillar and other industrial stocks affected by the data center business have moved in sync with broader artificial intelligence trading volatility
** Against the backdrop of broader AI-related market fluctuations, Caterpillar’s share price movement has closely mirrored that of CoreWeave (CRWV.O), Oracle (ORCL.N), Dell (DELL.N), and Nebius (NBIS.O) (link)
** Due to debt and cash-flow issues, and worsened by increased investor concern over the AI frenzy, CRWV shares have plummeted by over 15% (link)
** Including today's increase, the stock is up 27.4% year-to-date
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