EXCLUSIVE: Caterpillar Stock The ‘Gold Standard’ For AI, Market Expert Says ‘Pick And Shovels’ Play For Data Centers

Category: Markets

Published: 2026-07-06T14:58:42.000Z

Freedom Capital Markets Chief Market Strategist Jay Woods considers Caterpillar (NYSE: CAT) the "gold standard" for AI infrastructure, highlighting its role in building data centers and its strong technical and valuation metrics. Despite potential political hurdles for data center construction, Woods sees a significant runway for Caterpillar, strengthened by infrastructure bills and existing backlogs in areas like HVAC. He also suggests other industrial stocks like MasTec (NYSE: MTZ), Dycom Industries (NYSE: DY), United Rentals (NYSE: URI), and Comfort Systems USA (NYSE: FIX) are worth attention as "picks and shovels" plays in the early stages of AI and data center buildouts.

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