Everyone's high-fiving [Caterpillar's record revenue](https://www.marketwatch.com/story/caterpillar-is-killing-it-and-data-center-demand-is-driving-record-revenue-161b84d1?mod=mw_rss_topstories) off datacenter construction demand, but this is the exact moment to get skeptical. Massive capex cycles drive *this* quarter's topline—then demand stops, inventory piles up, and companies holding bloated cost bases get crushed.

Research these companies