Caterpillar Shares Slide 4% as AI Data Center Infrastructure Momentum Cools

Key Facts

1Caterpillar shares fell 4% amid concerns about a momentum unwind in the AI data center power trade.

2Deere & Company shares rose 1% as the company lacks exposure to the AI sector.

Amid mounting concerns over a potential slowdown in tech infrastructure expansion, Caterpillar shares fell 4% as momentum unwound in power-related investments for AI data centers. This decline followed warnings from AI executives regarding a possible deceleration in the pace of AI development, impacting stocks that previously surged on data center demand. Despite the shift in sentiment, reports indicate that the company's fundamentals, including its backlogs, remain intact.

In contrast, industrial peers showed divergent performance based on their thematic exposure; Deere & Company shares rose 1% as the company lacks direct exposure to the AI sector. Per market data, DE closed at $675.74 on September 11, 2026, outperforming Caterpillar as investors reassessed their positions in the AI infrastructure trade.

Based on price data at the close of September 11, 2026, CAT stood at $818.57, having touched a day low of $813.51. Traders are currently monitoring support levels near last week's lows to gauge the duration of the sell-off. With no immediate sector-specific catalysts in the upcoming economic calendar, market focus remains on tech leadership commentary regarding future capital expenditure plans.