BUZZ - Caterpillar's stock price falls after an AI-driven rally

October 15 - ** Dragged down by concerns over artificial intelligence, construction machinery manufacturer Caterpillar (CAT.N)'s share price fell by 2%

** CAT shares have declined for the fourth consecutive trading day, now down nearly one-third from the all-time high reached in late June

** Caterpillar has greatly benefited from the rapid expansion of U.S. data centers, which has boosted demand for its power generation equipment, backup power, and construction machinery

** Brian Langenberg, founder of industrial research firm Langenberg & Co, stated that after quantum computing and artificial intelligence-related stocks faced selling pressure, Caterpillar's shares also came under pressure

** Morgan Stanley analyst Angel Castillo pointed out that Caterpillar and other industrial stocks affected by the data center business have moved in sync with broader artificial intelligence trading volatility

** Against the backdrop of broader AI-related market fluctuations, Caterpillar’s share price movement has closely mirrored that of CoreWeave (CRWV.O), Oracle (ORCL.N), Dell (DELL.N), and Nebius (NBIS.O) (link)

** Due to debt and cash-flow issues, and worsened by increased investor concern over the AI frenzy, CRWV shares have plummeted by over 15% (link)

** Including today's increase, the stock is up 27.4% year-to-date

(To assist non-native English speakers, Reuters has automatically translated its report into several other languages. Automated translation may contain inaccuracies or lack needed context; Reuters does not guarantee the accuracy of the translated text and provides it solely for reader convenience. Reuters accepts no responsibility for any damage or loss arising from use of the automated translation function.)