While capital chased software and chips
a 100-year-old industrial company kept compounding quietly

is up over 4,000% long term

Not because of hype
Because of infrastructure

AI doesn't run on code alone
It runs on power

Data centers need constant energy
Backup systems
Heavy equipment

That's where companies like Caterpillar come in

Power-related revenue just surged
Backlog hit record levels
Orders are locked in for years

This isn't a short-term trend
It's buildout

Most people are looking at AI from the top layer

The real money is often made lower in the stack

Where do you think the real AI money will be made, chips, software, or infrastructure?