Caterpillar (CAT) a Key Company in Stargate AI Facility – Time to Buy the Stock Now?

We recently published 10 Trending Stocks to Watch as Brad Gerstner Explains Tailwinds for AI Trade – ’10x Manhattan Project’. Caterpillar Inc is one of the trending stocks to watch.

James Van Geelen, the founder and portfolio manager at Citrini Research, talked about his visit to the Project Stargate facility in Abilene, Texas. Answering a question about companies powering this major facility, Geelen talked about Caterpillar Inc:

“That was the first thing we saw in the drone is you fly over it and they just built their own natural gas plant. And the interesting thing is, these aren’t like the really good natural gas turbines because if you wanted, so natural gas turbines fall along, simple cycle, combined cycle. These are simple cycle. They’re each 35 megawatts, which is very much on the lower end. Half of ‘GE Vernova, half of ’em are from Caterpillar Inc. A company the Caterpillar ons called Solar Turbines. And the reason why they’re not, you would think, oh, you’re spending half a trillion dollars on these things. You could probably get the best thing ever, but that’ll take you seven years.”

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This article is originally published at Insider Monkey.