Caterpillar Shares Eye 30% Slump as Oil Bites, AI Rally Stalls
Caterpillar Inc. shares are on track to fall more than 30% from their record high as concerns about oil prices, bond yields and the future of the artificial intelligence trade roil the industrial sector.
Covered by 2 publishers within 2 hours of the first report.
Summary from Bloomberg.
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Bloomberg Caterpillar Shares Eye 30% Slump as Oil Bites, AI Rally Stalls · Matthew Griffin
Quartz Caterpillar stock is down about 30% from its record on oil, rate and AI worries · Colleen Cabili