New York, Jan 10, 2026, 2:14 PM EST — Market closed
- Caterpillar shares finished Friday up 1.6% at $617.62 as U.S. markets head into the weekend.
- The machinery maker is using CES to spotlight its Cat AI Assistant and automation work tied to Nvidia tools.
- Traders now turn to Jan. 13 U.S. CPI data and late-month policy and earnings dates.
Caterpillar Inc shares ended Friday higher after the heavy equipment maker pitched a new AI assistant and a broader automation push at CES in Las Vegas. The stock closed at $617.62, up 1.6%, with about 1.8 million shares traded.
The timing matters because CES, which ran through Friday, has become a noisy showcase for companies trying to convince investors they can sell software and services alongside hardware. For Caterpillar, the message is less about shiny demos and more about cutting downtime and tightening fleet management, two items customers pay for even when new-machine demand slows. (CES)
Markets also head into the new week with rates back in focus, a key swing factor for cyclical industrials. Federal Reserve Governor Stephen Miran said on Thursday he supported 150 basis points of rate cuts this year, an unusually aggressive view inside the central bank. (Reuters)
Caterpillar is positioning the Cat AI Assistant as a single interface that lets customers buy, maintain, manage and operate equipment from anywhere, pulling together its apps and operator data into one experience. “Helios … is helping us move fast and deploy new AI capabilities,” Chief Digital Officer Ogi Redzic said, referring to Caterpillar’s data platform, while the company said it plans to bring an off-board version live in the first quarter and is still validating in-cab use. (Pit & Quarry)
TechCrunch reported the company and Nvidia are piloting the system on an excavator and pairing it with Nvidia’s Omniverse simulation tools for construction planning — essentially building “digital twin” job sites, or virtual replicas, to test scenarios before work begins. (TechCrunch)
The stock’s Friday gain came in a rising session for U.S. equities, and Caterpillar’s move tracked strength across parts of the industrial complex. Cummins, Paccar and Aptiv also ended higher, according to MarketWatch data. (MarketWatch)
On the tape, CAT has been choppy even before the weekend. Over the past two sessions, it traded as low as $594.17 on Thursday and as high as $619.15 on Friday, putting those levels in view for traders watching near-term support and resistance. (Yahoo Finance)
The CES push adds to a longer-running debate around Caterpillar’s multiple: how much investors should pay for a machinery name when the story is shifting toward data, autonomy and recurring digital tools. It is still early, and the company has work to do to show the mix shift in margins.
But the risk case is straightforward. If the AI rollout stays stuck in pilot mode, or customers resist paying for software layers on top of equipment purchases, the theme fades fast. Heavy equipment demand also tends to follow construction and commodity cycles, which can turn when financing conditions tighten.
The next macro marker comes first. The U.S. government is scheduled to release December CPI data on Tuesday, Jan. 13, a report that can reset rate expectations in a hurry. (Bureau of Labor Statistics)
After that, attention narrows to late January: the Federal Reserve’s next policy meeting is set for Jan. 27-28, and Nasdaq’s earnings calendar flags Jan. 29 as Caterpillar’s next report date (an estimate, with the company not yet confirming a schedule). (Federal Reserve)
