Does Surging Data Center Power Demand Reshape the Bull Case for Caterpillar’s (CAT) Premium Valuation?

The past week’s news around Caterpillar has highlighted record data center–driven demand for large generators and turbines, resilient revenue performance versus peers, and continued innovation through moves like the Skycatch acquisition and connected worker initiatives. At the same time, Caterpillar’s dependable but historically low-yield dividend and premium valuation sit alongside tariff and cost pressures that could materially influence how investors weigh its growth story against its...