Earnings Live Updates: Caterpillar Stock Surges 9% as AI Build out Boosts Power Unit The latest round of corporate earnings reports has sent shockwaves through Wall Street, with Caterpillar's stock surging 9% on news that its power unit is being boosted by the company's AI build out.
However, beneath this encouraging growth story lies a more complex reality. While the S&P 500's estimated year over year earnings growth rate for the second quarter stands at 47.
5%, it's worth examining what drives these impressive numbers.