Caterpillar (CAT) Looks Cheap Following Anthropic’s $3.4b AI Power Deal

Simply Wall St.11-12 03:22

Caterpillar (CAT) just landed a headline contract, with Anthropic agreeing to buy about US$3.4b of gas generators for AI data centers, taking over 1.7 gigawatts of existing OnePWR orders. Caterpillar’...

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Caterpillar’...</p>\n\n<a href=\"https://simplywall.st/stocks/us/capital-goods/nyse-cat/caterpillar/news/caterpillar-cat-looks-cheap-following-anthropics-34b-ai-powe\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Caterpillar (CAT) Looks Cheap Following Anthropic’s $3.4b AI Power Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCaterpillar (CAT) Looks Cheap Following Anthropic’s $3.4b AI Power Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-11-12 03:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/capital-goods/nyse-cat/caterpillar/news/caterpillar-cat-looks-cheap-following-anthropics-34b-ai-powe><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Caterpillar (CAT) just landed a headline contract, with Anthropic agreeing to buy about US$3.4b of gas generators for AI data centers, taking over 1.7 gigawatts of existing OnePWR orders. Caterpillar’...</p>\n\n<a href=\"https://simplywall.st/stocks/us/capital-goods/nyse-cat/caterpillar/news/caterpillar-cat-looks-cheap-following-anthropics-34b-ai-powe\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2357305700.SGD","symbol_name":"Allianz Global Artificial Intelligence ET H2-SGD","start_time":0,"source_url":"https://simplywall.st/stocks/us/capital-goods/nyse-cat/caterpillar/news/caterpillar-cat-looks-cheap-following-anthropics-34b-ai-powe","article_id":"2682584955","we_media_id":null,"thumbnails":["https://simplywall.st/cdn-cgi/image/fit=cover,format=auto,width=320,height=240/https://images.simplywall.st/asset/company-cover/259378-card/1788992402874"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/capital-goods/nyse-cat/caterpillar/news/caterpillar-cat-looks-cheap-following-anthropics-34b-ai-powe","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2682584955","pubTimestamp":1794424951,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"BBailey PembertonNovember 11, 2026","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1548497426.USD":"安联环球人工智能AT Acc","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","BK4585":"ETF&股票定投概念","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","ARTY":"ISHARES FUTURE AI & TECH ETF","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","GASZ":"Corgi Natural Gas Power & Turbines ETF","LU2168564495.EUR":"AZ ALLOCATION - TREND \"AI\" (EUR) ACC","MADE":"iShares U.S. Manufacturing ETF","ANT":"Anthropic","UXI":"ProShares Ultra Industrials","QTOC":"Innovator Growth Accelerated Plus ETF - October","AGIX":"通用人工智能 ETF-AGIX","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","VTHR":"Vanguard Russell 3000 ETF","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","BK4516":"特朗普概念","CAT":"卡特彼勒","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU2168563687.JPY":"AZ ALLOCATION - TREND \"AAZ\" (JPYHDG) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4520":"美国基建股","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","CATG":"2倍做多CAT ETF-Leverage Shares","LU2168564149.EUR":"AZ ALLOCATION - TREND \"BAZ\" (EUR) ACC","BK7016":"应用软件","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","BK4588":"碎股","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","TRUI":"VanEck Industrials TruSector ETF","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","LU0251142724.SGD":"Fidelity America A-SGD","RSHO":"TEMA AMERICAN RESHORING ETF","EXI":"全球工业ETF-iShares","CAT.AU":"CATAPULT GROUP INTERNATIONAL","BK7084":"电子设备和仪器","CHAT":"ROUNDHILL GENERATIVE AI & TECHNOLOGY ETF","BK4149":"建筑机械与重型卡车","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","BK4597":"股息贵族","HWAY":"Themes US Infrastructure ETF","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4532":"文艺复兴科技持仓","AIPO":"Defiance AI and Power Infrastructure ETF"},"translate_title":"Anthropic 以 3.4 亿美元的人工智能动力交易后，卡特彼勒 (CAT) 看起来很便宜","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VTHR":1.5,"CHAT":1.5,"RSHO":0.6,"TRUI":0.6,"HWAY":0.6,"AIPO":1.5,"GASZ":0.6,"EXI":0.6,"CAT.AU":1.5,"UXI":0.6,"MADE":0.6,"QTOC":1.5,"CATG":0.6,"AGIX":1.5,"ARTY":1.5,"ANT":1.5,"CAT":1.5},"content_text":"Caterpillar (CAT) just landed a headline contract, with Anthropic agreeing to buy about US$3.4b of gas generators for AI data centers, taking over 1.7 gigawatts of existing OnePWR orders. Caterpillar’s share price has slipped over the past month, with a 30 day share price return down 27% and a 90 day share price return down 32%. Yet the stock still carries a 3.8% one year total shareholder return and a very large 5 year total shareholder return above 200%, so the Anthropic deal lands as a fresh test of whether long run momentum is cooling or simply pausing after a strong multi year run. Scan other industrials tied into the same AI buildout by reviewing the hand picked 53 AI infrastructure stocks along with Caterpillar’s latest Anthropic contract headlines. Caterpillar has a record backlog tied to AI power and a share price that just dropped by roughly a third in six months. Is most of the reward now behind the stock, or does the valuation still suggest room ahead? AdvertisementMost Popular Narrative: 35% Undervalued Caterpillar closed at $584.57 while the analyst consensus Narrative on Simply Wall St sets fair value at about $902. This gap frames the Anthropic deal inside a much larger AI power and backlog story that analysts are already trying to price.  The plan to increase large engine capacity to three times 2024 levels by 2030 and expand turbine capacity to 2.5 times 2024 levels, together with the restart of the 10 megawatt medium speed gas engine targeting about 1.5 gigawatts of shipments from Q4 2026, positions Caterpillar to serve future natural gas and gas compression demand and potentially lift revenue and free cash flow as these assets are deployed.  See why 237 investors see Caterpillar as 35% undervalued. Result: Fair Value of $902 (UNDERVALUED) Still, the tariff bill of about US$2.2b and the risk of AI related power projects being delayed or downsized could easily challenge the bullish Caterpillar narrative. Find out about the key risks to this Caterpillar narrative. Next Steps Mixed signals around Caterpillar and AI power make this a good moment to check the data yourself and pressure test the bullish and cautious arguments. To see how the current enthusiasm compares with the concerns on the table, review the 4 key rewards and 1 important warning sign. Looking for more investment ideas beyond Caterpillar? If Caterpillar’s AI power story has your attention, use the same structured approach to look for other opportunities before they move without you.  Target resilience first by scanning companies with stronger finances and cleaner balance sheets using the list of solid balance sheet and fundamentals (24 results). Look for quality at a discount by reviewing the 35 high quality undervalued stocks and comparing pricing gaps that may not stay open for long. Prioritise stability and income potential by checking out the 5 dividend fortresses offering higher yields with a focus on durability.  This article is general in nature and was produced with the assistance of AI automation,\n        based on data and analysis from Simply Wall St. We provide commentary based on historical data\n        and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n        financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n        Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n        Simply Wall St has no position in any stocks mentioned.Have feedback on this article? Concerned about the content? Get in touch with us directly. 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