Summary

• A whole new group of AI darlings is gaining attention now. Even if they’re companies that don’t have anything to do directly with AI tech.
• The MoneyShow Chart of the Day shows a daily chart of Caterpillar going back 12 months. The stock surged 9.8% on Thursday alone, hit an all-time high, and extended its one-year gains to 187%!
• The driver of the action: CAT reported Q1 profit of $2.5 billion, or $5.47 per share, up from $2 billion, or $4.20 per share, a year earlier. Revenue surged 22% to $17.4 billion, well ahead of the $16.5 billion estimate. Plus, the company raised its full-year targets.

By Mike Larson

The AI boom gave a huge boost to a big stock yesterday. Some might even call it the latest AI darling. It’s... Caterpillar Inc. (CAT). Yes, Caterpillar.

What does

2.57K Followers