Shares of data center-related companies are trading lower as inflation fears and soaring bond yields dampen investor appetite for high-growth stocks that rely heavily on customer capex funded through borrowing.

Shares of data center infrastructure-related companies are trading higher after Google and Constellation energy announced a 20-year partnership to bring 890 MW of nuclear power online, which helps underpin strong demand for future compute buildout. Also, Baird initiating coverage of Modine Manufacturing with an Outperform rating and a $300 price target further supports the sector.

Nvidia Made The AI Trade Crowded. These 3 ETFs Are Playing What Comes Next

Nvidia may have led the AI boom, but the next leg could be infrastructure. These 3 ETFs are positioned for the $1.7T AI data-center buildout

Truist Securities Maintains Buy on Caterpillar, Lowers Price Target to $1100

Truist Securities analyst Jamie Cook maintains Caterpillar (NYSE:CAT) with a Buy and lowers the price target from $1225 to $1100.

Why Caterpillar Stock Is Trading Higher During Friday's Session

Caterpillar is trading higher Friday as easing Fed rate-hike expectations and fresh AI infrastructure developments lift industrial stocks.

Truist Securities Maintains Buy on Cummins, Lowers Price Target to $779

Truist Securities analyst Jamie Cook maintains Cummins (NYSE:CMI) with a Buy and lowers the price target from $894 to $779.

UBS Maintains Buy on Cummins, Lowers Price Target to $741