AI Data Center Boom Fuels Record $20.5 Billion Quarter for Caterpillar

The artificial intelligence infrastructure boom helped construction equipment and engine manufacturer Caterpillar surpass $20 billion in sales and revenues in a single quarter for the first time in the company’s history. Caterpillar’s second-quarter sales and revenues increased 24% year over year and reached $20.5 billion, according to a Tuesday (Aug. The company saw growth across its three major segments, with power and energy up 17%, construction industries up 35% a