Data-center demand helps Caterpillar to best quarter ever — but there’s a tariff sting

Market Intelligence Analysis

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Why This Matters

Caterpillar's backlog has reached a record high, driven by strong demand for data-center construction, despite facing tariff-related challenges.

Market Impact

Market impact analysis based on bullish sentiment with 90% confidence.

Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term

Article Context

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Caterpillar’s backlog increased by 71% from a year ago, reaching a record for the construction-machinery maker.

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Original article published by MarketWatch on January 29, 2026.
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