American manufacturer of construction and mining equipment, and a Dow component.
Global stocks have rallied this month after officials reported progress in talks to reopen the Strait of Hormuz, and a string of strong corporate earnings has bolstered investor sentiment. Treasuries and oil prices have fallen as traders pare back expectations for near-term Fed hikes; strategists warn valuations and one-off earnings boosts limit further upside.
A wave of robotics and AI upgrades is reshaping manufacturing. Startups like Vsim and Maven are pushing faster simulations and end-to-end automation, while established players such as Agility, Nissan and Caterpillar detail how humanoids and AMRs are being deployed to lift heavy loads, optimize flows and reduce human labor in factories.
The AI infrastructure boom faces mounting debt costs as CoreWeave and peers see higher yields and wider CDS spreads. Investors are growing wary that cash flows will not arrive to justify capex, even as demand for AI services remains robust.