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Caterpillar Shares Eye 30% Slump as Oil Bites, AI Rally Stalls

Bloomberg Technology Wednesday 14 October 2026, 18:11 UTC By Matthew Griffin 1 min read
Key Points

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. The stock fell as much as 4% to trade at a session low of $742.01 Wednesday. It’s now down about 30% from a late-June record of $1,064.90.

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. The stock fell as much as 4% to trade at a session low of $742.01 Wednesday. It’s now down about 30% from a late-June record of $1,064.90.
Caterpillar (ORG) Oil Bites (ORG) AI Rally Stalls Caterpillar (ORG) AI Rally Stalls Caterpillar Inc. (ORG)
Originally published by Bloomberg Technology Read original →

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