Jim Cramer attributed the divergence in share prices between Caterpillar and Deere to Caterpillar's exposure to data centers. Caterpillar's stock has risen 101% over the past year and 40% year-to-date, while Deere lacks data center exposure. Caterpillar reported a $72.1 billion order backlog in its fiscal second quarter, with power generation revenue growing 72% driven by data center demand. The company trades at a forward price-to-earnings ratio of 33.33 and a price-to-sales ratio of 5.41, compared to Deere's 25.13 and 3.47, respectively. Hedge fund sentiment also favors Caterpillar, with 86 funds holding a stake in the fourth quarter of 2025 versus 60 for Deere.
