Caterpillar's Valuation Under Scrutiny Amid AI Campus Contract and Industry Challenges

Caterpillar is powering Nscale's massive AI compute campus with natural gas generators, but its valuation is still a subject of debate. A widely followed narrative suggests the fair value is $319.93, well below the current share price of $716.63, due to the company's mature and competitive market, limited growth opportunities, and anticipated growth of the construction industry.