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Caterpillar (CAT) Is Playing a Key Role In the Data Center Industry, Says Jim Cramer
Jim Cramer highlights Caterpillar’s significant role in the data center industry, particularly through its power generation products, which are crucial for the construction and operation of AI data centers. The company has shown strong financial performance, with Jefferies raising its price target to $750, citing stable performance and beating analyst estimates in its recent earnings report. Cramer also praised CEO Jim Umpleby for steering the company’s growth and its ability to secure data center operations.