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AI Capex Boom Confirmed: Caterpillar Surge Signals Hyperscaler Spending Strength

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The Story

News Summary

  • Caterpillar's blowout earnings reflect AI data center capex boom, with backlog up 92%.
  • Hyperscalers Amazon, Microsoft, Alphabet, Meta reaffirmed spending plans, though rising state-level regulatory pushback on data centers poses long-term risks to infrastructure buildout pace.
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