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AI Data Centers Boost Caterpillar Stock, Fund Returns 14.8%

7/11/2026

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Summary

Story summary

Caterpillar’s stock surged as AI data centers increased demand for its power-generation turbines.
Morningstar data show the surge lifted the average domestic-stock fund investor’s return to 14.8 percent for the three months ending June 30, 2026.
That 14.8 percent gain was the best quarterly return since 2020, when funds rose 22.4 percent in Q2.
Indrani De, head of global investment research for FTSE Russell, said AI is the only story in town.

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Story summary

Caterpillar’s stock surged as AI data centers increased demand for its power-generation turbines.
Morningstar data show the surge lifted the average domestic-stock fund investor’s return to 14.8 percent for the three months ending June 30, 2026.
That 14.8 percent gain was the best quarterly return since 2020, when funds rose 22.4 percent in Q2.
Indrani De, head of global investment research for FTSE Russell, said AI is the only story in town.