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CMI News6 articles
Caterpillar's Slide Weighs on Dow as AI Optimism Fades
Caterpillar shares tumbled 6.2%, pulling the Dow down as investors fled industrials on inflation and tariff worries. Focus shifts to its record backlog and AI-driven power demand.
Cummins Shares Surge After UBS Upgrade on AI Data Center Demand
UBS upgraded Cummins to Buy and raised its target to $850, citing surging AI data center backup power demand and a stronger North American truck cycle.
Caterpillar Slips on Rate Fears Despite Strong Week
Caterpillar dropped 3.85% Friday as strong jobs data boosted yields, but the stock remains up 3.2% for the week. Focus shifts to inflation reports.
Power Solutions International Tumbles 17% as Q1 Profit Drops 62%, Data Center Hopes Tested
PSIX shares fell 17.5% after Q1 net income dropped 62% to $7.3 million. Revenue missed estimates and the company withheld full-year guidance, testing its data center bet.
Caterpillar Stock Surges Past $740 Amid Record Dow Close; Insider Transactions Filed
Caterpillar shares gained 2.2% to $742.12 as the Dow Jones Industrial Average closed at a new record high. Two company executives exercised options and sold shares, while retail sales data showed a 44% jump in power generation.
Cummins Shares Surge on Upgraded Price Target, Data Center Demand in Focus
Cummins stock climbed over 4% after Raymond James raised its price target to $675, citing data center power needs and a potential truck market recovery. Investors await the May 21 Analyst Day for strategic updates.