Caterpillar raised its annual revenue growth forecast after beating second-quarter profit estimates on Tuesday, benefiting from a buildout of AI data centers that has spurred demand for its power-generation and construction equipment.

Shares of the company, which rose as much as 12% in early trading, were last up around 7%, on track for their best day in more than three months if gains hold. Caterpillar’s stock jump also helped fuel a 1.8% rise in the blue-chip benchmark Dow Jones industrial index.

The company cut its full-year tariff costs forecast to around $2.2 billion from the previously expected $2.2 billion to $2.6 billion.